The Aloha Apartments

250 W Jackson St Hayward, CA 94544

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FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$13,175,000
Last Verified:
May 02, 2017


Description

NAI Northern California and Shivu Srinivasan are pleased to be retained as the exclusive listing agent for the Aloha Apartments. The subject property is a 70 unit apartment complex on W Jackson St in Hayward. The property consists of (42) 1 bedroom / 1 bathroom & (28) 2 bedroom / 1 bathroom apartments, and features significant rental upside. Also, the Aloha Apartments apartment complex offers amenities such as a pool, spacious patios, on-site laundry, and ample parking. 49 of the 70 units are de-controlled. This is an extremely rare opportunity to acquire 70 units in a core Bay Area market.

The property is centrally located in Hayward with convenient access to public transportation (Hayward Bart), access to the freeway (880), and within walking distance to several schools. The Jackson Square shopping center across the street features several name brand tenants, such as Safeway, CVS, Starbucks & 24 Hour Fitness. Furthermore, the property sits just off of the San Mateo Bridge (I92), making it ideal for commuters to and from Silicon Valley and the Peninsula. Given its proximity to the BART station, and access to major freeways, this is a great opportunity to acquire a stable asset with significant.


Year Built: 1960
Building Size: 47250.0sq ft
Lot Size: 2.65 acres

Map of 250 W Jackson St, Hayward, CA, 94544

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.