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24039 Park St
Hayward, CA 94541 Burbank

$3,150,000 USD

Apartments For Sale • 13,661 SF

Property Details

Property Type Apartments
Total Building Size 10,665 SF
Lot Size 0.87 AC
Building Class C
Year Built 1958
Cap Rate 6.10 %

61 Transit Score

79 Walk Score

                
                    Highlights
                
                                Flexible 16-Unit Value-Add Asset Spread Across 4 Buildings
                            
                                Strong In-Place Income with Upside
                            
                                Significant Rent Discount to Inner Bay Area Cities
                            
                                Upgraded Electrical & Energy Efficiency Improvements
                            
                                Proven & Projected Rent Growth
                            
                                Homeownership Affordability Gap Supports Long-Term Renter Demand

Financial Summary (Proforma)

Net Operating Income: $192,246 USD (2025)

Cap Rate:	6.10 %
Total Expenses:	$141,421 USD

Amenities

Air Conditioning
Laundry Facilities
Kitchen
Refrigerator
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
	3 min	17 min	0.9 mi
	3 min	17 min	0.9 mi
Transit/Subway	Drive	Walk	Distance
Hayward Station (Fremont - Daly City - Bay Area Rapid Transit (BART), Fremont - Richmond - Bay Area Rapid Transit (BART))	3 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Metro Oakland International	16 min	-	10.6 mi
San Francisco International	30 min	-	22.4 mi
Norman Y Mineta San Jose International	35 min	-	27.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	26
Type:	Surface
Included in Rent:	Yes

Keith Manson 415-244-6300 Cushman & Wakefield

24039 Park St Hayward, CA 94541 Burbank