NOT LISTED FOR SALE

Estimated Value: $1,088,000 - $1,342,144

6 Beds
4 Baths
2,845 Sq Ft
$423/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $1,225,000 $431 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,988/month

47 Days on Market

About This Home

As of August 2023

22814 Kings Ct is a stunning duplex located in the thriving city of Hayward, California. Situated on a 5,250 square foot parcel of land, the subject property was originally constructed in 1926 and has a gross building area of approximately 2,845 square feet, offering its tenants beautifully designed three-bedroom floor plans. The investment appeal of this asset is driven by Haywards strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 22814 Kings Ct presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Last Agent to Sell the Property

Robert Johnston

Marcus & Millichap License #01853816 Listed on: 06/12/2023

Co-Listed By

Adam Levin

Marcus & Millichap License #01462752

Last Buyer's Agent

Tina-Binh Pham

Realty Results License #01200405

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,094

Year Built

  • 1926

Lot Details

  • 5,249 Sq Ft Lot

Parking

  • 3 Carport Spaces

Home Design

  • 2,845 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $74,904
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,845 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,800
  • Insurance Expense $2,365
  • Maintenance Expense $1,000
  • Other Expense $2,200
  • Utility Expense $1,400
  • Trash Expense $1,600
  • Operating Expense $26,736
  • Gross Income $71,159

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,094

Year Built

1926

Lot Details

0

Listing Details

  • Zoning: RS
  • Subclass: Duplex
  • Age: 97
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2845
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1926

Interior Features

  • Living Sq Ft: 2845

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 3

Utilities

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

Schools

  • School District: Hayward Unified

Lot Info

  • Lot Acres: 0.1205
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5250.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5250.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.16
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2365
  • Expense Landscape: 1800
  • Expense Maintenance: 1000
  • Expenses Other: 2200
  • Expenses Total: 26736
  • Expenses Utility: 1400
  • Expense Trash: 1600
  • Income Annual Gross: 71159.00
  • Income Annual Rental: 74904
  • Income Gross Scheduled: 74904
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2023
Closed on
Aug 17, 2023
Sold by
Alvaro Llc
Bought by
Homalfard Mohammad and Varlack Tiega
Seller's Agent
Robert Johnston
Marcus & Millichap
Buyer's Agent
Tina-Binh Pham
Realty Results
List Price
$1,285,000
Sold Price
$1,225,000
Premium/Discount to List
-$60,000
-4.67%
Views
193
Current Estimated Value
$1,203,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,464
Avg. Annual Appreciation
-1.76%
Original Mortgage
$1,041,250
Outstanding Balance
$1,023,063
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$160,298

Purchase Details

Closed on
Oct 19, 2017
Sold by
Alvaro Elizabeth and Alvaro Roberto Ivan
Bought by
Alvaro Llc

Purchase Details

Listed on
Mar 6, 2014
Closed on
Jun 18, 2015
Sold by
Maharaj Reena Kumari and Maharaj Zubin Thomas
Bought by
Alvaro Roberto I and Alvaro Elizabeth
Seller's Agent
Brigitte Schlatter
Schlatter Associates Inc
Buyer's Agent
Brigitte Schlatter
Schlatter Associates Inc
List Price
$695,000
Sold Price
$668,500
Premium/Discount to List
-$26,500
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.82%
Original Mortgage
$467,950
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 17, 2014
Sold by
Maharaj Reena Kumari
Bought by
Maharaj Reena Kumari and Maharaj Zubin Thomas

Purchase Details

Closed on
Aug 5, 2004
Sold by
Bogakos Maria
Bought by
Maharaj Reena Kumari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
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
Homalfard Mohammad $1,225,000 Old Republic Title Company
Alvaro Llc -- None Available
Alvaro Elizabeth -- None Available
Alvaro Roberto I $668,500 First American Title Company
Maharaj Reena Kumari -- None Available
Maharaj Reena Kumari $595,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Homalfard Mohammad $1,041,250
Previous Owner Alvaro Roberto I $467,950
Previous Owner Maharaj Reena Kumari $620,000
Previous Owner Maharaj Reena Kumari $476,000
Closed Maharaj Reena Kumari $119,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $1,225,000 -4.7% $431 / Sq Ft
07/30/2023 07/30/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $1,285,000 +92.2% $452 / Sq Ft
07/02/2015 07/02/15 Sold $668,500 -3.8% $235 / Sq Ft
05/03/2015 05/03/15 Pending -- -- --
03/06/2014 03/06/14 For Sale $695,000 -- $244 / 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 $16,094 $1,249,500 $374,850 $874,650
2024 $16,094 $1,225,000 $367,500 $857,500
2023 $11,808 $760,625 $228,187 $532,438
2022 $9,960 $745,711 $223,713 $521,998
2021 $9,511 $731,091 $219,327 $511,764
2020 $11,087 $723,597 $217,079 $506,518
2019 $12,704 $709,411 $212,823 $496,588
2018 $13,299 $695,507 $208,652 $486,855
2017 $8,616 $681,870 $204,561 $477,309
2016 $7,992 $668,500 $200,550 $467,950
2015 $7,511 $630,000 $189,000 $441,000
2014 $6,831 $590,000 $177,000 $413,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81931524

MLSListings

APN: 427-0051-021-00