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$1,499,000
Est. payment /mo
0.34 Acres Lot
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Cherryland
MLS Listing ID 41151348
HOA Y/N No
Year Built 1956
Lot Size 0.341 Acres
Property Sub-Type Triplex
Property Description
Rare Cherryland Investment Opportunity | Single-Family Home, Rear Duplex & 7-Car Garage on a Huge Lot! Discover an exceptional East Bay investment opportunity at 420 Medford Avenue in Hayward's desirable Cherryland neighborhood. Situated on an expansive 14,858-square-foot lot, this unique property combines a remodeled single-family home, a rear duplex, and seven finished garage spaces currently generating additional rental income as storage units. Whether you're an investor seeking multiple income streams or looking for a spacious family compound, this property offers versatility, existing income potential, and room to explore future possibilities. The front single-family home was remodeled in 2015 and features a welcoming fireplace, dedicated dining space, and a large basement offering additional utility and storage potential. Behind the main residence, the duplex features two separate units, each with its own laundry facilities and a generously sized private rear yard, providing added privacy and convenience for occupants. A standout feature of this property is its collection of seven finished garage spaces, including six single-car garages and one double-car garage. Each garage features a separate alarmed opener, electrical power, water, and fire sprinklers. Currently rented individually as storage units, the garages provide an additional income-producing component beyond the residential units. Ample surface parking further enhances the property's functionality for residents, guests, and tenants. With three residential units, separately rented storage garages, and a substantial lot, this property presents an opportunity to diversify rental income within a single investment. The flexible layout may also appeal to buyers envisioning a multigenerational living arrangement or an extended family compound, subject to applicable regulations. Conveniently located in Cherryland, the property offers access to local shopping, restaurants, parks, and major commuter routes connecting Hayward to the greater East Bay and surrounding Bay Area communities. Multiple income opportunities. Flexible living arrangements. Exceptional potential. Whether you're expanding your investment portfolio, seeking a property with established rental components, or planning for the future, 420 Medford Avenue offers a rare combination of residential versatility, storage income, and a substantial parcel in a convenient East Bay location. Don't miss the opportunity!
Location
State CA
County Alameda
Interior
Heating Natural Gas
Flooring Carpet, Laminate, Tile
Fireplace No
Exterior
Parking Features Garage, Guest, On Street
Roof Type Shingle
Total Parking Spaces 12
Building
Lot Description Front Yard, Street Level
Others
Tax ID 41339222
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Listed by Grant Inaba Epique Realty #01905199
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