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Jensen Road 4920 Jensen Road, Castro Valley, CA 94552
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: 7082
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
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: 62164
Cf Year: 2022
Cf Sched Income: 312258
Cf Net Op Income: 250094
Cf Vacancy: 14