17-Unit Apartment Building with
For Sale
$4,750,000
1064 E Street, Hayward, CA 94541
Commercial Sale, Hayward, CA
Property Size18,650 SF
Lot Size0.50 Acres
Price / SF$254.69
Days on Market33
Property Features for 1064 E Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
3
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1
Parking features
Covered
Interior features
Elevator
Accessibility
Accessible Elevator Installed
Subdivision
Hayward
Lot features
Rectangular Lot
Directions
Front entrance on E Street between Main and 1st..
Standard status
Active
APN
427138
Size
18,650 SF
Lot size
0.50 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
private decks
coin-operated laundry facility
Building Details
Year built
1965
Number of units
17
Flooring type
Carpet
Roof type
Flat
Listing Agency:
Alliance Bay Realty
(510) 742-6600
Listed By:
Joseph Silva
(510) 909-0007
Added: Jul 27
Changed: Aug 24
Last Checked: Aug 28 at 4:06AM
MLS# 41142913
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 17-unit apartment property at 1064 E Street in Hayward contains approximately 18,650 square feet on a 0.5-acre parcel. The unit mix includes fifteen two-bedroom, 1.5-bath residences and two one-bedroom, one-bath residences. Private decks, covered parking, an elevator, and a coin-operated laundry facility serve the building. Recent capital improvements have been completed, and the property was built in 1965.
Fifteen units are occupied, while two are vacant. Current operations reflect a 5.81% cap rate and 11.75 GRM; based on market rents, the stated metrics are an over 8% cap rate and 9.29 GRM. Additional property features include public water service, electric heating, carpeted flooring, and a flat roof.
Fifteen units are occupied, while two are vacant. Current operations reflect a 5.81% cap rate and 11.75 GRM; based on market rents, the stated metrics are an over 8% cap rate and 9.29 GRM. Additional property features include public water service, electric heating, carpeted flooring, and a flat roof.
Key Highlights
- 17‑unit multifamily property with fifteen 2‑bedroom/1.5‑bath units and two 1‑bedroom/1‑bath units
- Approximately 18,650 square feet on a 0.5‑acre parcel
- 24 on‑site parking spaces, including covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$361,737
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,234,740
$7.2M
Cap Rate 7%
$5,167,671
$5.2M
Cap Rate 9%
$4,019,300
$4.0M
Market Conditions
NOI Build-Up for 18,650 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$693.8K $37.20/SF
− Vacancy
−$36.1K −$1.93/SF
EGI
$657.7K $35.27/SF
− OpEx
−$296.0K −$15.87/SF
NOI
$361.7K $19.40/SF
Area
Hayward, CA
Vacancy
5.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,234,740
Cap Rate 7%
$5,167,671
Cap Rate 9%
$4,019,300
Alternative Uses
Best Use
Apartment 5plus
$5.17M
$4.52M – $6.03M
NOI $361,737 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.04M – $6.73M
NOI $403,556 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
2,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property offering covered parking, private decks, on-site laundry, and accessible elevator service.
Where is this apartment building located?
The property is located at 1064 E Street Hayward, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 17‑unit multifamily property with fifteen 2‑bedroom/1.5‑bath units and two 1‑bedroom/1‑bath units; Approximately 18,650 square feet on a 0.5‑acre parcel; 24 on‑site parking spaces, including covered parking
