356-360 Blossom Way, Hayward (Cherryland)
 
Tucked away on long driveway off Blossom Way (behind 354 Blossom Way).
2 Detached Homes on 1 Lot! Includes land to build another 1 to two more homes.*
 
Driveway & utilities easy access. Zoning "2100 MULTI, 2-4 SINGLE FAMILY HOMES"
Total lot size 0.27 acre. Parcel # 429001408100
 
List Price $530,000 as of 6-30-08
(was 580,000, 605,000, $650,000 and $799,000 before that)
Marketed by Gordon Phillip Allen - 800-837-3999
 
356 Blossom: 3 bedrooms/ 1 bath, 1,058 SqFt (not measuraed/guaranteed)
360 Blossom: 3 bedrooms / 1 bath, 1,058 SqFt (not measuraed/guaranteed)
6+ Off-street Parking Spaces
Rents are super low below market ($850 per house). Current market rents $1200 each.
Sewer line to back, possibly water, electricity also from back house. Gas line goes to back of front house.
No one has researched if this lot could be subdivided, but it doesn't matter, because existing zoning allows up to 3-4 units. If you could subdivide, even larger profit possible.
 
Room to build a 3rd home or duplex in rear if a zoning variance is approved through Alameda County to RSD30 (currenly RSD35). Call County planning.
 
Drive by only, walk to rear home, make offer subject to inspection. Subject to 1031 exchange.
 
Market Analysis Reports
1) Comparing other "two homes on 1 lot" listings...
1a) Summary of all Active, Pending & Closed Hayward Duplex Listings (all do not have extra building area for a 3rd/4th units)
1b) Detail of these 18 listings.
Closed Sales....
23249 Jorgensen is highest sale at $670K, two 2/1 only 815 SqFt each attached via 1 enclosed garage each, all remodeled, some freeway noise. old sale, went pending 5/2007. lot size not available.
23691 Ida $544K went pending 8/1/2007 1000 SqFt each attached via 1 car garage, total .20 acre, short sale (pre-foreclosure)
224 Culp, pending sale, was $479K, reduced to 429K, .15 acre lot, "Duplex each unit has separate yard, 228 has a detached cottage great for in-laws, college student etc. 2- 2 bedroom 1 bath homes + detached building with 3 rooms total: large family room, 2 other rooms & 1/2 bath. Lots of street parking."
 
Active Listings...
BT	Units	Address	    Orig Price	Prev Price	LP	 Acres	LotSF 	Park BR Bth SqFt Prk BR Bth SqFt Prk   Days On Market	
TW	2	770 HARMONY DR	$475,000	449000	$449,000 0.14	6050	4	3	2	1200	2	1	1	600	2	73	
TW	2	1352 D ST	    $451,900		$451,900	0.15	7000	2	2	1	850	1	1	1	700	1	63	
TW	2	22903 GRAND ST	$490,000		$490,000	0.11	5000	1	2	1		1	2	1			33	
DU	2	855 W SUNSET BLV$550,000		$550,000	0.20	8927	4	2	1		2	2	1		2	66	
TW	2	1817 Hill Avenu	$565,000		$565,000	0.19	8652	2	2	1	920	1	2	1	920	1	14	
TW	2	21908 Victory D	$629,989	575000	$575,000 0.00	7469	4	3	1	1020	2	2	1	900	2	61	
DU	2	22626 &22628 6TH $620,000	579888	$579,888 0.17	7500	2	2	1	975	1	2	1	975	1	111	
TW	2	418 HARRIS RD	$595,000		$595,000	0.11	6500	4	2	1	900	2	3	2	1440	2	126	
TW	2	1315 171 STREET	$599,000		$599,000	0.00	5500	3	2	1	1047		1		540		153	

TW	2	616 CHERRY WAY	$599,950		$599,950	0.00	0	12	2	1		6	3	1		6	76	
TW	2	20832 WESTERN B	$599,950		$599,950 0.13	5490	4	2	1	800	2	1	1	600	1	40	
    These two above are contiguous, across from elevated BART Tracks. 

DU	2	1526 Highland B	$728,777	679777	$679,777	0.41	18000	2	2	1.5	1183	1	2	1.5	1183	1	147	
TW	2	390 Smalley Ave	$825,000	705000	$705,000	0.00	0	4	2	1		2	2	1		2	120	
        Priced reduced!Two houses on almost a half an acre, a must see!! Builders and Developers come see!388 has some upgrades. 
        Separate meters, tenants pay all utilities. Ck w city for expansion/sub division pos." 
        County shows 3 bed 1 ba on .20 acre lot built 1943 + 2 bed/1 ba on .26 acre lot built 1955, both are
        zoned "2100 MULTI, 2-4 SINGLE FAMILY HOMES"

TW	2	21455 Meekland	$800,000	739000	$739,000	0.31	13650	4	4	1	1150	2	2	1	750	2	95	
        "REDUCED $40,000! CALLING ALL INVESTORS!  Move into one unit, rent the other.  Front house rented to long long 
        term tenant.  Worth MUCH more than current rent!  Back house vacant.  Huge lot, zoned 2100, 2-4 units.  
        Buyer to verify zoning.  Plenty of room behind back house.  SOLD AS IS
2) Comparing other lot listings. Only 2 lot sales since 1-1-07.
E St is for single family, sold $275,000, different area (Fairview). ignorin gthis one.
448 Grove is R35, 1/2 block west of BART. sold $415,000 6-26-07. 8060 SqFt lot, .16 acre. Close by. Zoning stated to be "RSD3." 28 days on market.
 
3) 4 unit detached dwellings: Out of many, only 1 for sale, and 1 sold that are anywhere near comparable:
Active 635 Hampton Rd $725,000 0.37 acre, 16,218 SqFt, 3bed/1ba 920SF and four 1bed/1ba 700SF, age unknown, 177 days on market.
"BEST MONEY MAKING PROPERTY IN HAYWARD, SELLER CAN CARRY 2ND. THERE IS A HUGE VACANT AREA IN BACK OF UNITS TO POSSIBLY ADD MORE UNITS. CHECK WITH COUNTY"
 
Closed 630 SHEPHERD AVE List price $875,000, sold at $857,500 06/02/2007 0.39acre, four 3 bed/1 ba detached homes, 650 SqFt each only. age unknown. 38 + 12 days to sell.
"Rare Opportunity! Four, Three Bed / One Bath Homes On One Lot! Nice private yards, attached garages, Washer/Dryer Hook-Ups, High Rents, Clear Pest Report! Great Location, Offers As Written (Subject to Inspection OK) Just appraised for $885K!"
Subject Property Expenses...
Annual utility expenses (not paid by tenant) $ WATER, BECAUSE ONLY ONE WATER LINE GOES TO HOUSES $600/yr, $50/mo
Annual taxes $2500
Annual License expenses NONE, WAS RECINDED BY A NICE CLERK ABOUT THREE YEARS AGO.
Subject Property Features...
356 360
Dishwasher NO NO
Disposal NO NO
Frig NO, tenants YES
Range/Oven NO, tenants YES
Laundry:
room BIG ROOM IN GARAGE
gas or elec BOTH GAS
washer NO ?
dryer NO NO
Satellite dish YES, tenants YES, tenants
TV Antenna NO NO
Cable TO HOUSE TO HOUSE
Fireplace NO NO
Exterior WOOD WOOD
Hardwood flrs ? ?
Carpet YES YES
Linoleum KITCHEN KITCHEN
Wall heat YES NO
Floor furnace NO YES
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