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Blane Warhurst & Margaret Warhurst Acquire Multifamily Property In Hayward For $4.99M

Property Image
SOLD
$4,987,840
Eduardo Vergara
Louis Kwok
+ 1

California

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MultiFamily14,112 SF
Sold 10/07/2021
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Property Image
SOLD

Blane Warhurst & Margaret Warhurst Acquire Multifamily Property In Hayward For $4.99M

24035 2nd Street, Hayward, CA, USA

See Similar Deals
MultiFamily14,112 SF
Sold 10/07/2021
Eduardo Vergara
Louis Kwok
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$353
Total Square Footage:14,112 SF
Transaction Type:Sale

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

Louis Kwok
3 deals$15.4M volume
BROKER

Eduardo Vergara
Marcus & Millichap
2 deals$13.7M volume
BROKER

Max Kandel
Marcus & Millichap
1 deal$5M volume
BROKER

Details

SOLD
IMAGE: Louis Kwok, Eduardo Vergara & Max Kandel DATE: 10/07/2021 ADDRESS: 24035 Second Street MARKET: Hayward ASSET TYPE: Multifamily BUYER: Blane Warhurst & Margaret Warhurst SELLER: Janine Slucter BROKERS: Louis Kwok (@LouKwok), Eduardo Vergara & Max Kandel - Marcus & Millichap SALE PRICE: $4,987,840 UNITS: 26 ~ PPU: $191,840 SF: 14,112 ~ PPSF: $353

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,720.75
Cash-on-Cash Return-1.27%
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