Andina Apartments

Hayward, CA

VIEW MULTIFAMILY FUND IV

89

Acquisition Price

$25,000,000

Sold Price

$33,500,000

Hold Period

28

Project Level IRR

25.80%

Project Level EM

1.72

Property Photos

Investment Highlights

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.

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