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 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 vast 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 low due to the location and uniqueness of this property. Less than 1 mle 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.

Request Information
on 341 Medford Ave
in Hayward, CA
Presented by Victoria Beliso at
Compass.


Property MLS #24-420249 from TheMLSCLAW

+ Reveal additional info including schools and tax history

+ Toggle All

+ Bedrooms

Bedrooms: 6

+ Bathrooms

Total Bathrooms: 6
Full Bathrooms: 6
Bathroom 1 Features: Shower Over Tub

+ Interior Features

Living Room Balcony
Open Floor Plan
Detached/No Common Walls
Flooring: Carpet, Laminate, Tile

+ Appliances

Cooktop - Electric
Oven-Electric
Laundry Facilities: In Unit
Laundry Features: In Unit

+ Other Rooms

Living Room, Dining Area

+ Kitchen and Dining

Counter Top
Galley Kitchen
Kitchen Features: Counter Top, Galley Kitchen

+ Heating and Cooling

Fireplace Features: Living Room
Heating Features: Wall Gas

+ Waterfront and Water Access

Water Features: District

+ Exterior and Lot Features

Other Structures: Shed(s)
Patio And Porch Features: Balcony
Patio Features: Balcony

+ Garage and Parking

Covered Spaces: 12
Garage Spaces: 12
Garage Description: Attached, Garage Is Attached
Parking Total: 16

+ Land Info

Lot Description: Back Yard, Exterior Security Lights, Yard, Street Lighting, Street Paved, Lot Shape-Rectangular, Lot-Level/Flat
Lot Size Acres: 0.4392332
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 19133

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 3
Number of Units: 7
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 13500, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1565

+ Rental Info

Number of Units Leased: 7
Tenant Pays: Gas, Electric, Cable TV

+ Other Property Info

Balcony
End Unit
Source Listing Status: Active
County: Alameda
Cross Street: Meekland Ave and Blossom Way
Cap Rate: 5.83
Directions: Take Mission Blvd North to Blossom Way and turn Left. Turn Right onto Western Blvd and then Left onto Medford Ave.
Source Property Type: Residential Income
Area: Out of Area
Source Neighborhood: Out of Area
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Owner Pays: Water, Gardener
Parcel Number: 429-0014-095
Postal Code Plus 4: 1727
Property Location: Private Road
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$771,301 + $176,829 $948,130	$14,929
2021	$756,178 + $173,362 $929,540	$14,441
2020	$748,428 + $171,585 $920,013	$14,061
2019	$733,755 + $168,221 $901,976	$13,989
2018	$719,371 + $164,923 $884,294	$13,341
2017	$705,267 + $161,690 $866,957	$12,728
2016	$691,440 + $158,520 $849,960	$12,152
2015	$681,055 + $156,139 $837,194	$11,858
2014	$667,717 + $153,081 $820,798	$11,677
2013	$664,701 + $152,390 $817,091	$11,558
2012	$651,669 + $149,402 $801,071	$11,385
2010	$638,892 + $146,473 $788,065	$11,109
2009	$634,118 + $145,378 $782,196	$10,925
2008	$623,164 + $142,867 $768,731	$10,400
2007	$610,947 + $140,066 $753,713	$10,195

+ Reveal Property Sale History

Listed 2024-07-27
$2,000,000
TheMLSCLAW

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Listing removed 2024-07-27
$0
TheMLSCLAW

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Price Changed 2024-06-18
$2,000,000
TheMLSCLAW

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Price Changed 2024-03-02
$2,400,000
TheMLSCLAW

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Listed 2023-09-29
$2,700,000
TheMLSCLAW

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Sold 1990-01-09
$205,500
Public Record

+ Commercial Info

Net Operating Income: 116519

+ Building and Construction

Total Square Feet Living: 4080
Year Built: 1989
Building Exterior Type: Stucco, Wood
Common Walls: Detached/No Common Walls
Foundation Details: Concrete Slab
Levels: Two Level
Living Area Source: Assessor
Property Age: 35
Levels or Stories: 2
Building Total Stories: 2
House Style: Garden Home
Year Built Source: Assessor
Architectural Style: Garden Home

+ Utilities

Sewer: In Street

+ Home Features

Other Equipment: Garbage Disposal, Dishwasher, Refrigerator, Gas Dryer Hookup, Range/Oven
Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Gated, Smoke Detector

+ Display Complete School Details

Colonial Acres Elementary School is a public elementary school located approximately 0.6 miles away.
Map directions

San Lorenzo High School is a public high school located approximately 0.9 miles away.
Map directions

Bohannon Middle School is a public middle school located approximately 1.3 miles away.
Map directions

St. John Catholic School is a private elementary and middle school located approximately 0.8 miles away.
Map directions