The 89 Unit Andina Apartments is centrally located in the East Bay. Residents who need to get anywhere in the Bay Area will find that they are just a few minutes from I-580, I-880, and the San Mateo Bridge. The property presents an opportunity for a heavy value-add reposition of the asset both physically and operationally. Hayward’s central location, low vacancy levels and rapidly growing rental demand coupled with the value-add business plan make this an ideal long-term investment.
- No. of Units 89
- Acquisition Date September 27, 2019
- Acquisition Price $25,000,000
- Total Capitalization $28,031,800