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$2,000,000

Beds
6
sq ft
4,080

341 Medford Ave, Hayward, CA 94541

341 Medford Ave

Hayward, CA 94541

  • Pending
Built in 1989 on a rare, expansive half-acre lot, this 6-unit townhome-style property presents a unique value-add opportunity. A private driveway leads to 3 detached buildings, each housing only 2 units per building and no adjoining walls; creates a sense of privacy rarely found in multi-unit properties. Each unit includes the living area upstairs and a private two car garage below, plus their own individual yards. All units are individually metered and include a spacious living area with fireplace, 1 bedroom, full size bath, washer/dryer hook-ups, private entry, and balcony. The kitchen comes equipped with an electric range, dishwasher, refrigerator, sink with garbage disposal, and plenty of cabinets. A bonus 7th unit (manager's office) enhances the exceptional offering. All units are currently rented on a month-to-month basis with significant upside potential approximately 28% below market value. Only Statewide Rent Control applies. Vacancy is very low due to the location and uniqueness of this property. Less than 1 mile from Hayward BART and easy access to 580, 880, and San Mateo-Hayward Bridge, makes this a commuter's dream. Located in the up and coming Cherryland neighborhood near dining, shopping, and entertainment as well as CSU East Bay, Chabot College, Mills College, and major employers of the Bay Area.

Details

Property type

Lot size

0.4392 acres

Price per sq ft

$491

Year built

1989

HOA

No

Price History

08/09/2024
CLAW

CLAW #24420249

Pending
$2,000,000
07/26/2024
CLAW

CLAW #24420249

Listed
$2,000,000

Schools & Community

Neighborhood: 

Cherryland

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Fremont Bank

Loan start date

September 2014

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

3.26%

Loan type

Commercial, 15 year

Seller

Al Beliso and Norma Beliso

Lender

The Richard M Shannon Trust

Loan start date

April 1999

Original loan amount

$32,000

Est. remaining balance

Not provided

Interest rate

7.11%

Loan type

Commercial

Seller

Al Beliso and Norma Beliso

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Pending/Under Contract

Tomo last checked: 09/07/2024 at 10:35 AM

Listing updated: 08/08/2024 at 6:23 PM

Listed by: Victoria Beliso, Compass

MLS: CLAW #24420249

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