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24035 2nd Street, Hayward, ...

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

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

Louis Kwok

Marcus & Millichap

Broker

$15.4M

vol

3 deals

Broker

Blane Warhurst

Buyer

$13.7M

vol

2 deals

Buyer

Hayward MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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