POPLAR GARDEN IS AN EXTREMELY WELL-MAINTAINED, SB 721 COMPLIANT 12-UNIT APARTMENT COMMUNITY LOCATED IN UNINCORPORATED HAYWARD WITHIN THE HIGH-DEMAND EAST BAY RENTAL MARKET. BUILT IN 1974, THE PROPERTY SITS ON A GENEROUS 24,600 SF LOT (.56 ACRES) AND INCLUDES 13,397 SF OF BUILDING AREA WITH A BALANCED MIX OF 1-, 2-, AND 3-BEDROOM FLOOR PLANS WITH SHARED LAUNDRY... THE PROPERTY ALSO OFFERS OWNED SOLAR FOR THE MASTER ELECTRIC.
OVER $125,000 IN RECENT UPDATES WITH FRESH EXTERIOR PAINT, NEW BALCONIES AND UPGRADED RAILINGS FOR SAFETY!
257 POPLAR AVE PROVIDES STRONG IN-PLACE INCOME WITH IMMEDIATE UPSIDE AND ADDITIONAL GROWTH AND ITS STRATEGIC LOCATION OFFERS WALKABLE ACCESS TO HAYWARD BART, NEARBY RETAIL AMENITIES, SCHOOLS, AND MAJOR EMPLOYMENT CENTERS ACROSS THE BAY AREA. WITH LOCAL HOMEOWNERSHIP COSTS REMAINING OUT OF REACH FOR MANY HOUSEHOLDS, THE AREA BENEFITS FROM A ROBUST AND STABLE TENANT BASE.
Location Highlights
257 POPLAR'S EXCELLENT LOCATION ALLOWS RESIDENTS EASY ACCESS TO SEVERAL SHOPPING AMENITIES, SCHOOLS, PARKS, AND HIGHWAYS.
257 POPLAR AVE IS LOCATED IN UNINCORPORATED HAYWARD AND WITHIN WALKING DISTANCE TO CHERRYLAND ELEMENTARY SCHOOL AND HAYWARD BART AND IS ALSO WITHIN A SHORT DRIVE OF DOWNTOWN HAYWARD AND CALIFORNIA STATE UNIVERSITY, EAST BAY.
THE AVERAGE HOUSEHOLD INCOME IN HAYWARD IS $86K WHILE THE AVERAGE COST OF A HOME IS UNDER $810K (AS OF APRIL 2023). HOWEVER, POTENTIAL HOMEOWNERS FACE INTENSE COMPETITION FROM HIGH EARNERS WORKING IN FREMONT, MILPITAS, REDWOOD CITY, AND SAN MATEO. THIS PLACES HOMEOWNERSHIP OUT OF REACH FOR MOST RESIDENTS, WHICH CREATES A ROBUST TENANT BASE.
HAYWARD IS A COMMUNITY DEFINED BY ITS RICH HISTORY ALONG WITH AN ECONOMY DOMINATED BY A MIX OF TECH, MANUFACTURING, AND EDUCATION. THE CITY SITS AT THE CROSSROADS BETWEEN OAKLAND, THE SOUTH BAY, AND SAN MATEO. ITS RICH HISTORY IS REFLECTED IN THE HOMES AND BUILDINGS THAT ARE A MIX OF SPANISH COLONIAL, NEO EXPRESSIONISM, AND CONTEMPORARY.
RESIDENTS IN THE AREA ARE ONLY A SHORT DISTANCE AWAY FROM THE MAIN CAMPUS OF CALIFORNIA STATE UNIVERSITY, EAST BAY, AND CHABOT COLLEGE. CSU EAST BAY IS KNOWN FOR ITS COLLEGE OF BUSINESS AND ECONOMICS ALONG WITH THE COLLEGE OF EDUCATION AND ALLIED STUDIES, WHICH IS RESPONSIBLE FOR PREPARING MANY OF THE BUSINESS LEADERS AND EDUCATORS OF THE COMMUNITY. LIKE SO MANY HIGHLY RANKED COMMUNITY COLLEGES, CHABOT COLLEGE IS KNOWN AS A FEEDER SCHOOL FOR THE UNIVERSITIES WHILE OFFERING TWO DEGREES AND CERTIFICATIONS FOR A VARIETY OF PROFESSIONS.
THE MANY UNIQUE NEIGHBORHOODS AND PLAZAS IN HAYWARD HELP FUEL ITS VIBRANT CULTURE. DOWNTOWN HAYWARD HAS OVER 50 SHOPS,
