NOT LISTED FOR SALE

Estimated Value: $469,000 - $783,877

2 Beds
2 Baths
988 Sq Ft
$572/Sq Ft Est. Value

Last Sold July 26, 2024

Last sale price $475,000 $481 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,379/month

4 Days on Market

About This Home

As of July 2024

21922 Foothill Blvd is a prime value-add duplex located in the thriving city of Hayward, California. Situated on a 6,600 square feet parcel of land, the subject property was originally constructed in 1940 and has a gross building area of approximately 988 square feet, offering tenants beautifully designed one-bedroom floor plans. The subject property also features convenient tenant amenities such as in-unit laundry or laundry hookups and private parking. With many factors influencing strong demand for the East Bay, 21922 Foothill Blvd 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. In addition, the subject property offers close proximity to many of the nation's top employers including Tesla, PG&E, Chevron, Kaiser, Sutter Health, John Muir Health, as well as many others. The subject property is also located within close proximity to California State University East Bay (2.3 mi).

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 06/28/2024

Co-Listed By

Adam Levin

Marcus & Millichap License #01462752

Last Buyer's Agent

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 06/28/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 6,599 Sq Ft Lot

Home Design

  • 988 Sq Ft Home
  • Duplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $37,668
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $2,700
  • Insurance Expense $988
  • Maintenance Expense $1,000
  • Other Expense $1,400
  • Utility Expense $700
  • Trash Expense $800
  • Operating Expense $14,448
  • Gross Income $36,538

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

6,599 Sq Ft Lot

Listing Details

  • Zoning: CN
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 988
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 988

Exterior Features

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

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Uncovered Parking

Utilities

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

Lot Info

  • Lot Acres: 0.1515
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6600.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 12.61
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 988
  • Expense Landscape: 2700
  • Expense Maintenance: 1000
  • Expenses Other: 1400
  • Expenses Total: 14448
  • Expenses Utility: 700
  • Expense Trash: 800
  • Income Annual Gross: 36538.00
  • Income Annual Rental: 37668
  • Income Gross Scheduled: 37668
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • 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
Jun 28, 2024
Closed on
Jul 24, 2024
Sold by
Jvr Properties-Marital Trust Two Llc
Bought by
Ahmad Munir and Ahmad Zarlashed
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Robert Johnston
Marcus & Millichap
List Price
$475,000
Sold Price
$475,000
Views
58
Current Estimated Value
$565,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,469
Avg. Annual Appreciation
11.82%
Original Mortgage
$478,750
Interest Rate
6.95%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 31, 2008
Sold by
Dhawan Cellu and The Sandeep & Cellu Salwan Liv
Bought by
Jvr Properties Marital Trust Two Llc

Purchase Details

Closed on
Sep 15, 2003
Sold by
Salwan Dharam P and Salwan Vijay
Bought by
Salwan Sandeep and Salwan Cellu

Purchase Details

Closed on
Sep 19, 2000
Sold by
Salwan Dharam P and Salwan Vijay
Bought by
Salwan Dharam P and Salwan Vijay

Purchase Details

Closed on
May 28, 1998
Sold by
Salwan Cellu
Bought by
Salwan Sandeep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,200
Interest Rate
7.1%

Purchase Details

Closed on
May 27, 1998
Sold by
Knapp Ernest C and Knapp Eric C
Bought by
Salwan Dharam P and Salwan Vijay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,200
Interest Rate
7.1%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Ahmad Munir $475,000 Old Republic Title
Jvr Properties Marital Trust Two Llc -- None Available
Salwan Sandeep -- --
Salwan Dharam P -- Fidelity National Title Co
Salwan Dharam P -- Fidelity National Title Co
Salwan Sandeep -- Fidelity National Title
Salwan Dharam P $115,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ahmad Munir $478,750
Previous Owner Salwan Dharam P $86,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2024 07/26/24 Sold $475,000 0.0% $481 / Sq Ft
07/03/2024 07/03/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $475,000 -- $481 / Sq Ft
Source: MLSListings

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 $5,594 $475,000 $142,500 $332,500
2024 $5,594 $360,550 $108,165 $252,385
2023 $5,414 $353,482 $106,044 $247,438
2022 $5,274 $346,552 $103,965 $242,587
2021 $5,188 $339,760 $101,928 $237,832
2020 $5,095 $336,277 $100,883 $235,394
2019 $5,087 $329,685 $98,905 $230,780
2018 $4,783 $323,223 $96,967 $226,256
2017 $4,653 $316,887 $95,066 $221,821
2016 $4,379 $310,673 $93,202 $217,471
2015 $4,274 $306,008 $91,802 $214,206
2014 $4,077 $300,017 $90,005 $210,012
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81971433

MLSListings

APN: 415-0190-055-00

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