21585 Montgomery St, Hayward, California 94541, Hayward, 94541 - 0 bed, 0 bath
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Hayward, California 94541
This fully occupied triplex represents a Strong Value Opportunity, listed at $1,349,888—positioned above the $1,151,074 Fair Market Value. While the list price exceeds the current estimate, the property offers immediate, stable cash flow with market-rate rents and a Condition Rating of 3. Featuring modern upgrades like newer furnaces and windows, this Residential Income Asset minimizes immediate capital expenditure. Its transit-oriented location near the Hayward BART station ensures long-term tenant demand. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a turnkey, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21585 Montgomery St Subject | $1,349,888* List Price | 0 | 0 | 2,200 | $523 | - |
A 20342 Concord Ave Sold | $1,195,000 | 0 | 0 | 2,036 | $587 | 0.6 mi |
B 484 484 B St Sold | $1,530,000 | 0 | 0 | 0 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1930, the property has been well-maintained with updates that fall within the 5-15 year range. Key improvements include a newer furnace, vinyl windows, and fresh interior paint and flooring. The kitchen features functional but dated tile countertops and standard white appliances, making it move-in ready and suitable for market-rate rentals without immediate need for major rehab.
The property is well-maintained with significant modern upgrades, including newer furnaces, windows, flooring, and appliances, reducing the need for immediate capital expenditures.
The triplex is fully occupied with market-rate rents, providing the buyer with stable, immediate rental income from the day of acquisition.
Located less than one mile from the Hayward BART Station and close to downtown amenities, the property is ideally positioned to attract and retain high-quality commuters.
Being subject to Alameda County's Rent Stabilization and Just Cause Eviction ordinances may limit future rent increases and reduce management flexibility for the owner.
The local elementary and middle schools have low performance ratings (ranging from 1 to 3), which may deter long-term family tenants and impact future appreciation potential.
Great opportunity for fully rented triplex in Cherryland with market rents! All 3 units have been well maintained and feature modern amenities, including newer furnace, windows, flooring, interior paint, gas stove, refrigerator, washer, dryer, detached storage closets and assigned parking. Ideal location close to downtown Hayward with shopping, movie theater, restaurants and coffee shops, and less than 1 mile to the Hayward BART Station. Located in unincorporated Alameda County; subject to Alameda County's Rent Stabilization Ordinance (which relies on AB1482) and Alameda County's Just Cause Eviction Ordinance.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,200 | 2,091.5 |
| Lot Size | 6,160 | 7,725 |
| Price | $1.35M | $1.04M |
| Price per sq ft | $614 | $477 |
| Built year | 1930 | 1919 |
| HOA | $0 | $0 |
| Days on market | 31 | 91 |
Jun 21, 2026
$1,349,888
Initial Listing
Nov 16, 2018
$850,000
Public Record
Sep 8, 2000
$350,000
Public Record