26485 Gading Rd.
Size: 5 Units
Price: $1,625,000
The Azucena Group along with The Zurich Group of Marcus & Millichap are pleased to present the opportunity to acquire 26485 Gading Rd, a five-unit multifamily property located in Hayward. This is a tremendous opportunity for an investor to acquire a property in a community that connects the East Bay with the Peninsula and Silicon Valley.
26485 Gading Rd. is a five-unit complex located in the heart of Hayward. The unit mix consists of (5) 2 bedrooms / 1 bathroom that are 850 sqft each. The property sits on a 0.19acre (or 8,100 square foot) lot. Among the amenities are spacious units with on-site ample parking while located in the center of Hayward.
Its location allows residents easy access to several shopping centers, parks, and highways. The complex is within a short drive of Downtown Hayward and California State University, East Bay. Downtown Hayward has over 30 shops, restaurants, and services within a short radius. The Southland Mall is also a short drive away and it has over 20 shops and services while anchored by a Macy’s and Century Theater.
The average household income in Hayward is $86K while the average cost of a home is under $815K (as of September 2022). However, potential homeowners face intense competition from high earners working in Fremont, Milpitas, Redwood City, and San Mateo. This places homeownership out of reach for most residents, which creates a robust tenant base.
Property Highlights
Spacious units that average over 800 sq ft
Each unit is equipped with a dishwasher
Property has ample on-site parking
Laundry facility on-site
Opportunity for value add renovations
Short drive away from California State University, East Bay
Easy access to Highway 880
South Hayward BART Station is a short drive away
San Mateo-Hayward Bridge is a short drive away