24361 Soto Road, Hayward, CA, USA

Price: $5,600,000 ($266,667/unit)

Status: Sold on July 2023

For Sale | 24361, 24409 and 24457 Soto Rd, Hayward, CA

Executive Summary

The Ivy Group is pleased to offer for sale SOTO, a 21 unit apartment portfolio that is 100% occupied with strong historical occupancy. The SOTO portfolio consists of three separate parcels, each totaling ± 4,922 SF that is situated on ± 8,800 SF lot.

SOTO portfolio details:

  • Number of units: 21
  • Unit mix: 12 1bed / 1bath; 6 2beds /1 bath; 3 3beds / 1.5 baths
  • Total building size: ± 14,766 SF
  • Total lot size: ± 27,350 SF
  • Parking: 21 spaces, one reserved carport for each unit
  • Year built: 1964

Each property consists of seven units with the following unit mix:

  • Four units consisting of 1 bed / 1 bath
  • Two units consisting of 2 beds / 1 bath
  • One unit consisting of 3 beds / 1.5 baths

SOTO has been well maintained since it was built in 1964 and has recently undergone certain upgrades, including the installation of a brand new roof in 2006. SOTO features a myriad of common area amenities including three onsite laundry facilities, 21 reserved carport parking spaces (one for each unit), and spacious balconies. Furthermore, the each unit is separately metered for electricity.

SOTO is located in Hayward, CA in the Burbank neighborhood. SOTO offers an investor a unique opportunity to acquire one of the most desirable multifamily portfolio in Hayward with a value add component. Located right off of Jackson Street, SOTO is within walking distance to shops, restaurants and entertainment venues. The portfolio sits mere minutes from the Interstate 880 freeway. The portfolio’s prime location, coupled with clear upside potential, make it a fantastic investment opportunity.

Investment Highlights:

  • Located in very desirable part of Hayward, CA
  • Built in 1964, Rent Control
  • Mix of one, two and three units
  • Three onsite laundry facilities
  • Twenty one reserved, carport surface parking spaces (one for each unit)
  • Roof replaced in July 2006
  • Walk to shops, restaurants, DMV, schools, etc
  • Easy access to Interstate 880 Freeway

Current ownership has invested in upgrading the common areas and some units. As such, a new owner has the opportunity to continue the existing renovation scope on the remaining units and capture on upside through renovation premiums.

Offering Memorandum
  • Hidden
Due Diligence
  • Hidden


  • Building Size

    ± 14,766 SF

  • Lot Size

    ± 27,350 SF (± 0.63 acres)

  • Year Built


  • Zoning

    Medium Density Residential (RM)

  • Use


  • Freeway Access

    Interstate 880 freeway

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

  • Roof Status

    Replaced July 2006

  • Parking

    21 spaces: one reserved carport per unit

  • Metering

    Individual electric meter

  • Number of Units


  • Unit Mix

    12 1bed/1bath; 6 2beds/1bath; 3 3beds/1.5baths

  • APN

    444-3-10 (24361 Soto); 444-3-11 (24409 Soto); 444-3-14 (24457 Soto)