250 Schafer Road, Hayward, California 94544, Hayward, - bed, bath
ACTIVE$1,799,000
250 Schafer Road, Hayward, California 94544
0Bed
0Bath
3,200Sqft
12,657Lot
Year Built
1961
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82005839
Home ConditionGood
Features
Patio
View-
About this home
Excellent income producing fourplex in a desirable area. All units are 2 bed one bath with laundry hookups in the unit. Two of the units have been renovated. Tenant paid and individually metered Water, Gas, and Electric.
Price History
Date
Event
Price
05/07/25
Listing
$1,799,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,200 | 0 | 0% |
| Lot Size | 12,657 | 11,906 | 50% |
| Price | $1.8M | $1.51M | 75% |
| Price per square foot | $562 | $0 | 75% |
| Built year | 1961 | 9805982 | 50% |
| HOA | |||
| Days on market | 182 | 182 | 50% |
Condition Rating
Good
The property, built in 1961, has undergone significant renovations in two of its four units, as stated in the description and evidenced by the images. The renovated kitchens feature modern dark cabinetry, updated countertops, contemporary backsplashes, and modern appliances. Bathrooms are also updated with modern vanities, fixtures, and glass-enclosed showers. Flooring throughout the visible units is new-looking wood-look laminate/LVP, and light fixtures are modern. These renovated units are move-in ready and require no immediate updates. While the entire fourplex has not been fully renovated, the condition of the updated units and the overall well-maintained appearance of the exterior align with the 'Good' criteria, specifically 'Some components may be updated, but the property has not undergone a full recent renovation'.
Pros & Cons
Pros
Income-Producing Asset: This property is an excellent income-producing fourplex, offering a stable investment opportunity with multiple revenue streams.
Tenant-Friendly Utility Structure: Utilities (Water, Gas, Electric) are individually metered and tenant-paid, significantly reducing landlord operating expenses and maximizing net income.
In-Unit Laundry Hookups: Each unit includes laundry hookups, a highly desirable amenity for tenants that enhances convenience and rental appeal.
Partial Renovations Completed: Two of the four units have already been renovated, providing updated living spaces that can command higher rents and attract quality tenants immediately.
Desirable Location: Situated in a desirable area of Hayward, suggesting strong rental demand, potential for property value appreciation, and access to local amenities.
Cons
Incomplete Renovations: Only two of the four units have been renovated, meaning the remaining two units may require significant capital investment for upgrades to maximize rental income and tenant appeal.
Age of Property: Built in 1961, the property is over 60 years old, which could imply potential for deferred maintenance, outdated systems (plumbing, electrical), and higher ongoing repair costs compared to newer constructions.
Lack of Modern Cooling System: The property description does not mention a cooling system (e.g., central AC), which is common for properties of this age and could be a drawback for tenant comfort and rent potential during warmer months.