25583 Spring Dr 4 Unit Apartment Building Offered at $2,187,432 CAD at a 6.07% Cap Rate Hayward, CA 94542

25583 Spring Dr Hayward has an incredible unit mix of (3) 2 bed 2 bath units and (1) 2 bed 1 bath unit. A key advantage of the offering is the property’s vacant delivery, allowing an incoming investor immediate flexibility to establish market rents, select tenants, and implement operational strategies without the challenges associated with below-market rents. Live in one unit and rent the rest or rent them all for strong cash flow on day one. The property was originally built in 1995 as a single family home and has the ability to be converted back to one as well. The property sets itself apart from much of the surrounding East Bay multifamily inventory, offering reduced deferred maintenance exposure and improved long-term operational durability. Located approximately one mile from California State University, East Bay, the property is well-positioned to capture stable renter demand from students, university staff, and working professionals alike. Residents also benefit from convenient access to Interstate 880, Highway 92, and the South Hayward BART Station, providing efficient connectivity throughout the Bay Area.
The building totals approximately 3,196 square feet on a 6,204 square foot lot and includes a three-car garage along with additional driveway parking. Current market rents position the property to generate approximately $10,500 in monthly gross income and $126,000 in annualized rental revenue.
The property also features an amenity package uncommon for comparable East Bay multifamily assets, including in-unit washer and dryer, central forced heating, and central air conditioning in every unit. In addition, the building is equipped with leased solar panels that help offset common area utility expenses and improve operational efficiency. A utility bill-back structure further reduces expenses by allowing tenants to pay their own gas and electricity costs.
Supported by its proximity to Cal State East Bay, major transportation infrastructure, newer construction, and operational upside through vacant delivery, 25583 Spring Drive offers investors the opportunity to acquire a well-located multifamily asset with strong long-term cash flow potential and durable tenant demand in one of Alameda County’s most resilient rental markets.