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Multifamily

The Hamlet

San Leandro, CA

145 Units

Built in 1981

Value Add

Investment Highlights

  • Exceptional Value-Add Opportunity: Developed by current ownership in 1980, The Hamlet represents a transformational value-add opportunity through the renovation of unit interiors as well as improvements to common areas and amenities. The majority of units are in classic condition, allowing a future owner to capture significant rental upside through implementation of cosmetic interior upgrades and installation of in unit laundry.
  • Access to Major Employment Centers: Centrally located in the East Bay, The Hamlet is proximate to major Bay Area job centers including Oakland, San Francisco, the Tri-Valley, the Peninsula, and San Jose. The East Bay's robust offering of lifestyle amenities with relative affordability for both housing and office space has continued to make it a popular destination for residents and employers.
  • Favorable Transit Orientation: Residents at The Hamlet are just a five-minute walk from the Bay Fair BART station, providing seamless commutes to major destinations throughout the Bay Area including Oakland and San Francisco. The property also enjoys immediate access to Interstates 880, 580 and 238, as well as Highway 92 (San Mateo-Hayward Bridge).
  • Appealing Physical Plant: The Hamlet boasts an attractive park-like setting with well-manicured grounds and appealing garden-style architecture. The property offers a diverse unit mix including one- and two-bedroom floor plans with an overall weighted average unit size of 741 square feet. Approximately 62 percent of the community consists of two-bedroom homes.

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