1356 Valley St, Hayward, CA 94541

Large 4 unit property (Triplex plus a house) in the heart of Hayward, located close to freeways and BART and close to Castro Valley! Building #1 is 1356 Valley St. which is a Triplex. Unit 1356 is an upstairs apartment built over the 3 garages and is a 2 bedroom, 1 bath unit. Unit 1358 is a ground floor apartment and is a 2 bedroom, 1 bath unit. Unit 1360 is a ground floor apartment and is a 2 bedroom, 1 bath unit. Building # 2 is 1369 "C" Street which is a Queen Anne Victorian detached home consisting of 3 bedrooms and 1.5 baths. All rents are month to month, all four units have separate gas, electric and water meters. The triplex has a separate laundry room and a garage space for each of the three units. At $382 per SF, this property is the lowest $ per SF building of any true Residential Income Property currently listed in Hayward-Castro Valley-San Leandro-San Lorenzo. Current cap rate 4.47%. Proforma cap rate 7.76%. Current GRM 16.42. Proforma GRM 10.65.