Carmel Partners


309 Unit Renovation in Bay Area

Region: Northern California
Address: 22294 City Center Drive, Hayward, CA 94541
Strategy: Renovation
Status: Sold
Acquisition Date: 07/16/2013
Units: 309

The spacious and beautifully remodeled Creekwood apartments in Hayward, California combine the convenience of the city with the coziness of the suburbs.

Set among a backdrop of wooded paseos along a meandering creek, Creekwood is convenient to the San Mateo Bridge and the peninsula. Just minutes to BART access, the community is within reach of both Silicon Valley and San Francisco. Hero 1 - Creekwood The complete renovation of 97 of the 309 units includes upgraded kitchens with new cabinetry, quartz counters, and stainless steel appliances. Additionally, the units feature new bathrooms and plank wood-style flooring throughout. The modern interiors are finished with designer touches and contemporary color palettes. Many units offer fireplaces, vaulted ceilings, and balconies with large windows. Hero 2 - Creekwood Common areas are upgraded with new flooring, a redesigned paint scheme in the corridors and lobby as well as refinished elevator cabs and updated laundry rooms. Amenities also include a renovated fitness center, picnic and BBQ area, and a clubhouse with resort pool. With on-site tennis courts and putting green, the landscaped grounds offer tree-lined pathways, a footbridge, and Japanese garden. The property also features gated underground parking and a full-time professional staff. Operations were enhanced through improved property management, targeted revenue management, lease expiration strategies, and increased utility recovery income. Hero 3 - Creekwood