NOT LISTED FOR SALE

Estimated Value: $1,190,000 - $1,486,000

8 Beds
5 Baths
3,698 Sq Ft
$362/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $1,260,000 $341 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,773/month

52 Days on Market

About This Home

As of January 2024

21812 Thelma St is a stunning 4-unit investment opportunity located in the thriving city of Hayward, California. Situated on a parcel of land totaling 4,952 square feet, the subject property was originally constructed in 1964 and has a gross building area of approximately 3,698 square feet, offering tenants and residents beautifully designed three-bedroom, two-bedroom and one-bedroom floor plans. With many factors influencing strong demand for the East Bay, 21812 Thelma St is a well- positioned asset set to benefit from its centralized location. With convenient access to transportation corridors such as Interstate 880, Interstate 580, the San Mateo-Hayward Bridge, and two BART stations, the subject property continues to fulfill some of the most important resident demands such as the ease of access to high-end shops, restaurants, and entertainment options.

Last Agent to Sell the Property

Eymon Binesh

Marcus & Millichap License #02060059 Listed on: 10/09/2023

Co-Listed By

Robert Johnston

Marcus & Millichap License #01853816

Last Buyer's Agent

Eymon Binesh

Marcus & Millichap License #02060059 Listed on: 10/09/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,593

Year Built

  • 1964

Lot Details

  • 4,966

Parking

  • 5 Car Garage

Home Design

  • 3,698 Sq Ft Home
  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $98,172
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $3,600
  • Insurance Expense $2,774
  • Maintenance Expense $2,000
  • Other Expense $900
  • Utility Expense $4,744
  • Trash Expense $2,095
  • Operating Expense $34,292
  • Gross Income $96,158

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,593

Year Built

1964

Lot Details

0

Parking

5

Listing Details

  • Zoning: RH
  • Subclass: Fourplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3698
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3698

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 5
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Hayward Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4952.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4952.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 13.62
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2774
  • Expense Landscape: 3600
  • Expense Maintenance: 2000
  • Expenses Other: 900
  • Expenses Total: 34292
  • Expenses Utility: 4744
  • Expense Trash: 2095
  • Income Annual Gross: 96158.00
  • Income Annual Rental: 98172
  • Income Gross Scheduled: 99132
  • Income Includes: Laundry, Lease
  • Income Other: 960
  • Meters: Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Dec 14, 2023
Sold by
Potluri Ventures2 Llc
Bought by
Singh Gurdip and Jhally Karmjeet
Seller's Agent
Eymon Binesh
Marcus & Millichap
Buyer's Agent
Eymon Binesh
Marcus & Millichap
List Price
$1,425,000
Sold Price
$1,260,000
Premium/Discount to List
-$165,000
-11.58%
Views
53
Current Estimated Value
$1,338,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,182
Avg. Annual Appreciation
2.27%
Original Mortgage
$945,000
Outstanding Balance
$932,750
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$373,014

Purchase Details

Closed on
Apr 29, 2014
Sold by
Marie Hinton Family Partnership Ltd
Bought by
Ertoz Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,515,000
Interest Rate
4.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2002
Sold by
Hinton Marie and Marie Hinton Revocable Trust
Bought by
Marie Hinton Family Partnership Ltd

Purchase Details

Closed on
Aug 28, 2001
Sold by
Harrison Barbara J
Bought by
Harrison Barbara J and Harrison Revocable L Barbara J

Purchase Details

Closed on
Sep 12, 2000
Sold by
Hinton Marie and Marie Hinton Revocable Trust
Bought by
Harrison Barbara J and Plemmons John A

Purchase Details

Closed on
Aug 31, 2000
Sold by
Hinton Marie
Bought by
Hinton Marie and Marie Hinton Revocable Trust

Purchase Details

Closed on
Jan 4, 1999
Sold by
Hinton Marie and Marie Hinton Revocable Trust
Bought by
Harrison Barbara J and Plemmons John A

Purchase Details

Closed on
Dec 31, 1998
Sold by
Hinton Marie and Marie Hinton Revocable Trust
Bought by
Harrison Barbara J and Plemmons John A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Singh Gurdip $1,260,000 First American Title
Ertoz Living Trust -- First American Title Company
Marie Hinton Family Partnership Ltd -- --
Harrison Barbara J -- --
Hinton Marie -- --
Harrison Barbara J -- --
Harrison Barbara J -- --
Hinton Marie -- --
Harrison Barbara J -- --
Harrison Barbara J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Gurdip $945,000
Previous Owner Ertoz Living Trust $2,515,000
Previous Owner Hinton Marie S $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2024 01/05/24 Sold $1,260,000 -6.7% $341 / Sq Ft
12/01/2023 12/01/23 Pending -- -- --
10/17/2023 10/17/23 Price Changed $1,350,000 -5.3% $365 / Sq Ft
10/09/2023 10/09/23 For Sale $1,425,000 -- $385 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,593 $1,285,200 $385,560 $899,640
2024 $16,593 $1,200,000 $360,000 $840,000
2023 $13,193 $765,843 $176,733 $589,110
2022 $11,056 $750,828 $173,268 $577,560
2021 $10,879 $736,112 $169,872 $566,240
2020 $12,528 $728,565 $168,130 $560,435
2019 $12,524 $714,285 $164,835 $549,450
2018 $11,870 $700,284 $161,604 $538,680
2017 $11,597 $686,556 $158,436 $528,120
2016 $9,515 $673,094 $155,329 $517,765
2015 $8,898 $662,987 $152,997 $509,990
2014 $2,700 $119,002 $55,001 $64,001
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81944477

MLSListings

APN: 432-0028-150-00