Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Bay Area  + Apartments  | 

Hayward Multifamily to be Expanded Following Sale

Marcus & Millichap closed the sale of 152 Smalley Ave., a 12-unit multifamily property located in Hayward. The sale price was $2,925,000.

“The seller is a longtime multifamily owner in Hayward who has decided to transfer out of multifamily and into triple-net properties out of state,” said Adam Richardson, investment associate in Marcus & Millichap’s Palo Alto office. “The buyer plans to expand the property to add additional units to the property.”

Richardson marketed the property on behalf of the seller, Cellu Dhawan. Grace Chavez with Stone Castle Realty represented buyers Jeff Yip, Becky Yip and Sandy Wong. David Campbell, senior managing director, capital markets in the firm’s Palo Alto office, provided financing support for the deal.

Constructed in 1974, the property consists of a 10-unit apartment building and two single-family homes. Apartments include two one-bedroom units and eight two-bedroom units. The homes are two-bedroom and three-bedroom, respectively.

Read More News Stories About: Marcus & Millichap
Connect

Inside The Story

Marcus & Millichap's Richardson

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action