341 Medford Avenue

Hayward, CA 94541

$1,900,000
Last Sold Price
6
Beds
6
Baths
4,080 Sq. Ft.
$466 / Sq. Ft.
4,080
Sq. Ft.
$466
per Sq. Ft.

Description

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 only 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 spacious living area with fireplace,...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 only 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 spacious 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 very low due to the location and uniqueness of this property. Less than 1 mile 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.

Listing Agent

  1. Victoria Beliso

    Victoria Beliso

    Listing Agent

    Compass

    DRE #01846924

Property Details for 341 Medford Avenue

Style
Garden Home
Cross Streets
Meekland Ave and Blossom Way
Parcel Number
4290014095
Total Units
7.0
Living Area
4080
Source Living Area
Assessor
Area
Out of Area
Vacancy Rate
0
LISTING UPDATED: 09/24/2024 04:59 PM

Property Details for 341 Medford Avenue

StatusSold
MLS #24-420249
Days on Compass12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1989
Lot Size0.44 AC / 19,133 SF
CountyAlameda County

Building Information for 341 Medford Avenue

Stories2Residences-Year Built1989Building Size-Lot Size0.44 AC / 19,133 SF

Property Information for 341 Medford Avenue

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Townhome
  • View: No
  • View Description: None
  • View: None
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Gated, Smoke Detector
  • Water: District
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: LA/Owner Related
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $149,494
  • Net Operating Income: $116,519.00
  • Gross Income: $146,580
  • Cap Rate: 5.83%
  • Gross Rent Multiplier: $13.37
  • Financial Info as Of: 12/31/2023
  • Vacancy Allow Percent: 1.00%
  • Owner Pays: Water, Gardener, Other
  • Total Annual Expense: 32974
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4392
  • Lot Size Square Feet: 19133
  • Lot Features: Back Yard, Yard, Rectangular Lot
  • Lot Description: Back Yard, Exterior Security Lights, Yard, Street Lighting, Street Paved, Lot Shape-Rectangular, Lot-Level/Flat
  • Lot Location: Private Road
Parking Details
Parking Details
  • Parking Garage: Attached, Garage Is Attached
  • Total Parking: 16
  • Covered Parking: 12
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 12
  • Attached Garage: Yes
  • Garage Structures Total: 6.0
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room, Dining Area
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating Type: Wall Gas
  • Flooring: Carpet, Laminate, Tile
  • Equipment: Garbage Disposal, Dishwasher, Refrigerator, Gas Dryer Hookup, Range/Oven
  • Interior Features: Living Room Balcony, Open Floor Plan, Detached/No Common Walls
  • Kitchen Features: Counter Top, Galley Kitchen
  • Bathroom Features: Shower Over Tub
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Cooktop - Electric, Oven-Electric
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Patio Features: Balcony
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Foundation Details: Slab
  • Other Structural Features: Balcony, End Unit
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 07-27-2024
  • Listing Terms: Standard Sale
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,775.00
  • Unit Actual Rent: $10,650.00
  • Unit Projected Rent: $13,500.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,565.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $1,565.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Carpet: 7
  • Number of Dishwasher: 7
  • Number of Disposal: 7
  • Number of Electric Meters: 7
  • Number of Gas Meters: 7
  • Number Leased: 7
  • Number Patio: 7
  • Number Range: 7
  • Number Refrigerator: 7
  • Number Water Meters: 7
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.57%
  • Assessed Improvement Value: $786,726.00
  • Assessed Improvement Percent: 81.35
  • Assessed Land Value: $180,365.00
  • Assessed Land Percent: 18.65
  • Assessed Total Value: $967,091.00

Property History for 341 Medford Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 341 Medford Avenue

Taxable ValueLand$183,972Additions$802,457Total$986,429
Tax Record2024$15,262 ($1,272 / month)
Home Facts
Total Finished SqFt3,480 SqFtAbove Grade Finished SqFt3,480 SqFtStories2Lot Size19,133 SqFtStyleMulti-Family Res (5+ Units)Year Built1989CountyALAMEDAAPN429-14-95

Schools near 341 Medford Avenue

This home is within San Lorenzo Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Colonial Acres Elementary School
PublicK to 5

Bohannon Middle School
Public6 to 8

San Lorenzo High School
Public9 to 12

East Bay Arts High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Victoria Beliso, DRE #01846924

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.