688 Grove Way, Hayward, CA 94541

Property Description

684-692 Grove Way is an exceptionally maintained five-unit multifamily property located in the unincorporated area of Cherryland Hayward, CA, which is not subject to local rent control. The asset consists of one detached single-family home and two duplex buildings, offering a highly desirable and flexible unit mix across three separate structures, all on one 0.47-acre lot. Ownership has completed extensive renovations and capital improvements, significantly enhancing the long-term durability and rental appeal of the property. The front duplex at 690 & 692 Grove Way, which contains two (2) 2-bedroom, 1.5-bathroom townhomes, just received a new roof in 2018 and new water heaters. The rear duplex at 684 & 686 Grove Way, which contains two (2) 3-bedroom, 2-bathroom units, just received a new roof in 2025, and new furnaces in 2019 and 2024. The detached, 2-bedroom,1-bathroom single-family home at 688 Grove Way just received a new roof in 2025, a new oven/range in 2024, a new refrigerator in 2024, a new water heater in 2024, and a furnace replacement in 2018. This unit underwent a comprehensive renovation in 2024, providing turnkey living for tenants. All units feature private fenced yards, individual water heaters, and washer/dryer hookups, enhancing tenant convenience and reducing shared utility costs. Additionally, the subject property offers ample tenant parking with over ten (10) uncovered onsite parking spaces off the driveway. Finally, the property includes a large detached storage garage equipped with water and sewer connections, separately metered electricity, and a newly Installed Siemens sub-panel-offering excellent potential for additional income or flexible use.