Marcus & Millichap is pleased to present 708 Pardee Court in Hayward, California. The subject property offers investors an excellent value add opportunity. With rents well below market, the subject property offers true upside potential through the improvement of units and adjusting rents closer to market value. Since the subject property falls below the five unit threshold, it is not subject to Hayward's Rent Stabilization Ordinance (rent control). Hayward is often coined as the "Heart of the Bay" due to its central location within the Bay Area. With access to two Bay Area Rapid Transit (BART) stations, an Amtrak station and ease of access to the 880 freeway and San Mateo Bridge, residents can access major employment hubs in Oakland, San Francisco, the Peninsula and Silicon Valley. Hayward itself is home to employers such as Berkeley Farms, Pentagon Technologies, California State University East Bay and Impax Laboratories to name a few.
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