| CREOP

First Republic Real Estate Inc. is pleased to present the exclusive opportunity to acquire 266 and 274 Smalley Ave, Hayward, California 94541. It is a ten-unit multifamily complex comprised of seven 1BD/1BA; three 2BD/1BA units; and a Single Family 2BD/1.5BA Home.
Convenience is key and this property delivers. It is located in the vibrant Cherryland neighborhood with excellent proximity to essential amenities including schools, main highways, shopping, and restaurants.
Rents are well below market and offer the ability to greatly increase the cash flow.
Sizable lots with nineteen parking spaces for Tenants and possible development potential.
At present, properties are fully rented and are in a unique position because of their outstanding location, their potential for increased income, to be a significant & unique addition to one’s real estate investment portfolio.
The seller is open to providing a second mortgage of up to 50% of the property's value with a fixed interest rate, exclusively on an interest-only basis.

The subject properties are located on the northern side of Smalley Ave. The apartment building's site contains about 15,459+ sq. ft. It is level and at street grade with an interior block location. The single-family home contains a 10,224 sq ft level lot.
The North Hayward Cherryland neighborhood attracts a wide variety of renters in a variety of age groups. It is a submarket popular with a range of young families to business professionals commuting to Silicon Valley, Oakland, or San Francisco.
With a world-class Employment Base Strategically positioned at the center of the nation's most prolific economy, 266 & 274 Smalley Avenue are encompassed by prominent East Bay employers.
Situated within two miles of the Hayward BART Station and adjacent to Highway 238, the Properties are also proximate to Highways 880, 580, and the San Mateo-Hayward Bridge - offering residents seamless commutes to numerous world-class firms throughout the Bay Area.
As a result of the continued housing creation shortfalls and lower-than-average vacancy rate, this area has the market fundamental makings of a development hot spot.
Overall, the area is well suited to continued use as a multifamily apartment complex, with average to good demand for available properties.