Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 8, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
East Bay Multifamily Property Goes for $219k/Unit

5/12/21

Terrace Towers, a 41-unit apartment building in Hayward, was sold for $8.99 mil, or $219k per unit. The low-rise, three-story apartment complex is located at 23976 2nd St, east of Mission Blvd in Hayward Hills.

Originally built between 1961 and 1962, the building is comprised of 28 one-bedroom/one-bath units and 13 two-bedroom/one-bath units. The property’s onsite amenities include a swimming pool, future controlled access, 52 parking spaces and laundry facilities.

Ryan Rodriguez and Gavin McDowell with Colliers represented both parties in the deal. According to Rodriguez, the property was 50% vacant at the time of the sale, making traditional debt sources unavailable. Despite this, the listing received half a dozen offers and was under contract within a few weeks of marketing the property.





Return to the Archive page


 


 
 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media