Two-Level Duplex with
For Sale
$920,000
1390 Highland Blvd, Hayward, CA 94542
MULTI_FAMILY - Hayward, CA
Property Size2,362 SF
Lot Size0.32 Acres
Price / SF$389.50
Days on Market81
Property Features for 1390 Highland Blvd
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 1
Parking features
Off Street, Garage
Security features
Security
Window features
Window Coverings
Exterior features
Back Yard, Front Yard
Fencing
Fenced
Fireplace
1
Appliances
Gas Water Heater
Subdivision
MISSION FOOTHILL
Lot features
Sloped Down, Back Yard, Front Yard
High school district
Hayward (510) 784-2600
Standard status
Active
APN
44560478
Size
2,362 SF
Lot size
0.32 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
in-unit washer/dryer
private backyard
Building Details
Year built
1947
Flooring type
Carpet, Tile
Building materials
Wood Siding
Listing Agency:
Abio Properties
(888) 400-2246
Listed By:
Darryl Glass · License #01919978
(510) 406-5059
Added: Jun 15
Changed: Aug 7
Last Checked: Sep 3 at 1:06AM
MLS# 41138441
Copyright © 2026 bridgeMLS. 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.
Located at 1390 Highland Blvd in Hayward, this duplex contains two units totaling 2,362 square feet on a 0.32-acre lot. Each residence offers two bedrooms and 1.5 bathrooms across two levels, with living and dining areas, an open kitchen layout, a lower-level half bath, and an upper-level full bath. Private backyard access, fenced outdoor areas, forced-air heating, carpet and tile flooring, and wood siding are included. Each unit also has a one-car garage and an additional driveway parking space. Tenants are currently in place, and each unit includes an in-unit washer and dryer owned by the tenants.
The property is positioned in the Hayward Hills with access to Cal State East Bay, downtown Hayward, BART stations, and major freeways. Public water and sewer serve the property, and construction dates to 1947. A fireplace and gas water heater are also included.
The property is positioned in the Hayward Hills with access to Cal State East Bay, downtown Hayward, BART stations, and major freeways. Public water and sewer serve the property, and construction dates to 1947. A fireplace and gas water heater are also included.
Key Highlights
- Two‑unit duplex with 2,362 square feet on a 0.32‑acre lot
- Each unit includes 2 bedrooms and 1.5 bathrooms across two levels
- Tenants currently occupy both units
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
$50,924
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
5.54%
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%
$1,018,480
$1.0M
Cap Rate 7%
$727,486
$727.5K
Cap Rate 9%
$565,822
$565.8K
Market Conditions
NOI Build-Up for 2,362 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
$76.5K $32.40/SF
− Vacancy
−$3.8K −$1.60/SF
EGI
$72.7K $30.80/SF
− OpEx
−$21.8K −$9.24/SF
NOI
$50.9K $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%
$1,018,480
Cap Rate 7%
$727,486
Cap Rate 9%
$565,822
Alternative Uses
Best Use
Multifamily LT 5
$727.5K
$636.6K – $848.7K
NOI $50,924 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$654.5K
$572.7K – $763.6K
NOI $45,814 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$730.1K
$638.9K – $851.8K
NOI $51,110 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Explore this area
Business Placement
Demographics for 94542, CA
15,691
Population
5,232
Households
3
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
1,804
Density / Sq Mi
$131,989
Median Household Income
$58,093
Median Earnings
$2,605
Median Rent
$1,085,900
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?
Duplex - Tenant-occupied duplex with private backyards, garages, driveway parking, and access to Hayward Hills amenities.
Where is this duplex located?
The property is located at 1390 Highland Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $920,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,362 square feet on a 0.32‑acre lot; Each unit includes 2 bedrooms and 1.5 bathrooms across two levels; Tenants currently occupy both units
