September 11, 2019- The Pinza Group,the leading East Bay Multifamily Sales Brokerage and 2018’s Top Multifamily Sales Brokerage in the East Bay according to CoStar, has announced the sale of a five unit multifamily property located at 184 A St in Hayward, CA. Steven Pinza, Esq (President of The Pinza Group) had the exclusive listing and was able to procure multiple offers before closing at $1.275MM, a high price per door for a property with all one bedroom units.
184 A Street in Hayward presents a unique opportunity for any investor to purchase a turn key, five unit multifamily building in a non rent controlled jurisdiction. 184 A Street consists of five 1bd/1bth units, which includes a 1bd/1bth detached cottage. Each unit has been remodeled with new kitchens, bathrooms, flooring, and windows. Further there is on site, coin operated laundry, drought efficient landscaping, and ample parking.
Each unit is occupied by Abode Services, who pays all rent and utilities for the property, and have leased each unit through January of 2020. This presents a rare opportunity to sit back and enjoy the cashflow without any management oversight.
Tenants enjoy an exception location which is one mile to Downtown Hayward, one half of a mile to the Hayward Bart Station, and a few short blocks to bus stops and freeways. South of Oakland and north of Hayward lies the dreamily named Cherryland, an unincorporated community of quiet residential streets and lush parks. Clues to its namesake dot the neighborhood’s streets, from Cherry Way to Blossom Way. The San Lorenzo Creek connects the area via water to the San Francisco Bay, cementing its place in the greater East Bay region.