4920 Jensen Road, Castro Valley, CA 94552

Jensen Road 4920 Jensen Road, Castro Valley, CA 94552

Status: sold

Property Type: Multi-Family

Year Built: 1957

Building Class: C

Building Size: 7,082 SF

Land Size: 48332 SF

Price: $4,350,000

Price per SF: $614.23

NOI: $250,094

Cap Rate: 5.14%

Zoning: Multifamily

Greg Diodati, CCIM gdiodati@remax.net (916) 218-7490

Overview Details Map

Area Description

Vacancy in the Hayward/Castro Valley/Union City multifamily submarket is 6.5% and has increased 3.4% over the past 12 months. During this period, 580 units have delivered, and 71 units have been absorbed. Despite a substantial increase in availabilities, rents have increased 0.4% over the past year, to around $2,200/month. In the past three years, rents have increased a cumulative 6.9%.

Highlights

14 cottage style multifamily units, some are stand alone. Each unit is grade level, has attached garage or storage area. In addition, each unit has a backyeard.

Full Address: 4920 Jensen Road, Castro Valley, CA 94552

Listing Type: FOR SALE

Status: Sold

Occupancy Rate: 100%

Building Class: C

Zoning: Multifamily

Region: W-WP

Property ID: 4005506

Building Sf: 7,082

Parcel Num: 085-5450-007-10

Number Units: 14

Number Buildings: 7

Year Built: 1957

Free Standing: Yes

Cap Rate: 5.14%

Tenancy Type: Multi-Tenant

Features

14 cottage style multifamily units, some are stand alone. Each unit is grade level, has attached garage or storage area. In addition, each unit has a backyeard.

Cash Flow Type: Actual

Cf Op Expenses: $62,164

Cf Year: $2,022

Scheduled Income: $312,258

NOI: $250,094

Cf Vacancy: $14

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