Blane Warhurst & Margaret Warhurst Acquire Multifamily Property In Hayward For $4.99M
24035 2nd Street, Hayward, CA, USA
$4,987,840
$353/SF
Building Size
14,112 SF
Asset Type
MultiFamily
Closing
Oct 7, 2021
AI
A multifamily property located at 24035 Second Street in Hayward was recently sold. The property consists of 26 units with a total square footage of 14,112. The sale price for this transaction was $4,987,840, which translates to a price per unit of $191,840 and a price per square foot of $353.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $4,987,840
- Units: 26
- Price per Unit: $191,840
- Square Footage: 14,112
- Price per Square Foot: $353
- Address: 24035 Second Street, Hayward
- Market: Hayward
The buyers in this transaction were Blane Warhurst and Margaret Warhurst, while the seller was Janine Slucter. The deal was facilitated by Louis Kwok, Eduardo Vergara, and Max Kandel from Marcus & Millichap. They represented the respective parties as brokers in this sale.
Players
Hayward MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93