Quadplex with Unfinished Commercial
For Sale
$1,399,000
1382 B Street, Hayward, CA 94541
MULTI_FAMILY - Contemporary - Hayward, CA
Property Size3,456 SF
Lot Size0.20 Acres
Price / SF$404.80
Days on Market87
Property Features for 1382 B Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
See Attached Docs
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Laundry Room, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4
Parking
5
Parking features
Covered, Open
Window features
Double Pane Windows
Appliances
Varies By Unit, Washer/Dryer
Lot features
Irregular Lot, Irregular Lot
Elementary school district
Alameda
Middle school district
Alameda
High school district
Hayward Unified
Subdivision
Hayward
Standard status
Active
APN
427003101800
Size
3,456 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1951
Number of units
5
Flooring type
Carpet, Simulated wood, Vinyl, Laminate
Building materials
Stucco, Wood
Roof type
Composition, Shingle, Asphalt
Architectural style
Contemporary
Listing Agency:
Century 21 Baldini Realty · Century 21 Real Estate
(415) 587-4212
Listed By:
Jaime E Peraza · License #01479258
(650) 892-4556
Added: May 20
Changed: Aug 13
Last Checked: Aug 14 at 9:06AM
MLS# 426132779
Copyright © 2026 San Francisco Association of REALTORS. 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 quadplex offers a mix of residential and commercial space across two buildings, with four total residential units plus a commercial front area that is unfinished and ready for completion. The residential unit mix includes two one-bedroom units and two two-bedroom units, and there is a dedicated on-site laundry area. The property is described as a cosmetic fixer.
City permits and plans for the commercial front space were previously obtained but have since expired. The current owner may deliver both residential buildings vacant, and the new owner can also choose to complete and operate the commercial front space consistent with the prior plans, with the opportunity to revise, renew, and finish as needed.
Built in 1951, the buildings include stucco and wood construction, wall furnace heating, and composition/asphalt/shingle roofing. Public water and public sewer service are provided. Parking includes both covered and open spaces, and a small adjacent lot is included in the sale.
City permits and plans for the commercial front space were previously obtained but have since expired. The current owner may deliver both residential buildings vacant, and the new owner can also choose to complete and operate the commercial front space consistent with the prior plans, with the opportunity to revise, renew, and finish as needed.
Built in 1951, the buildings include stucco and wood construction, wall furnace heating, and composition/asphalt/shingle roofing. Public water and public sewer service are provided. Parking includes both covered and open spaces, and a small adjacent lot is included in the sale.
Key Highlights
- 0.2046‑acre lot with 3,456 SF total building area
- Four residential units: two one‑bedroom and two two‑bedroom
- Unfinished commercial front space ready for completion
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
$74,510
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
5.33%
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%
$1,490,200
$1.5M
Cap Rate 7%
$1,064,429
$1.1M
Cap Rate 9%
$827,889
$827.9K
Market Conditions
NOI Build-Up for 3,456 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
$112.0K $32.40/SF
− Vacancy
−$5.5K −$1.60/SF
EGI
$106.4K $30.80/SF
− OpEx
−$31.9K −$9.24/SF
NOI
$74.5K $21.56/SF
Area
Hayward, CA
Vacancy
4.94%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,490,200
Cap Rate 7%
$1,064,429
Cap Rate 9%
$827,889
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$931.4K – $1.24M
NOI $74,510 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$957.6K
$837.9K – $1.12M
NOI $67,033 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.07M
$934.8K – $1.25M
NOI $74,782 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,009
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?
Quadplex - Quadplex with two one-bedroom and two two-bedroom units plus a dedicated on-site laundry and unfinished commercial front space.
Where is this quadplex located?
The property is located at 1382 B Street Hayward, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 0.2046‑acre lot with 3,456 SF total building area; Four residential units: two one‑bedroom and two two‑bedroom; Unfinished commercial front space ready for completion
