Hayward Multifamily Property with
22622 2nd Street Hayward, CA 94541
For Sale
$699,000
Pending
MULTI_FAMILY - Hayward, CA
Property Size1,714 SF
Lot Size0.23 Acres
Days on Market146
Property Features for 22622 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 2
- Parking features
- Parking Lot, Garage, Off Street, Covered
- Exterior features
- Storage, Storage Area
- Fencing
- Partial, Fenced
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 1,714 SF
- Lot size
- 0.23 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Multi Units
Building Details
- Year built
- 1945
- Number of units
- 3
- Flooring type
- Vinyl, Carpet, Linoleum
- Building materials
- Stucco
- Roof type
- Composition
- Additional Structures
- Storage
Listing Agency:
Paramount Buildings & Loans
(510) 219-2845
Listed By:
Jerry Kumar · License #01255148
(510) 219-2845
Added: Feb 28
Changed: Jun 8
Last Checked: Jul 24 at 8:06AM
MLS# 41125555
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 multifamily property in Hayward, California, features a triplex with one-bedroom, one-bathroom units. One unit is currently rented, while another requires renovation. The property includes reserved parking for all units. Located in a prime location, it is a short walk to downtown Hayward. The property includes a single garage with a ceiling height of 7.6 feet and a double garage with a ceiling height of 7.25 feet. There is a main storage area of 564 square feet (28x21.3), a second storage area of 156 square feet (20x7.8), an office of 96.25 square feet (11x8.25), an additional office space of 136.83 square feet (7.1x19.3), and an outside office space of 179.49 square feet (9.3x19.3). The double garage measures 333.98 square feet (17.25x19.3), and the single garage measures 159.23 square feet (8.25x19.3). A den provides 72.63 square feet of space, and the outside lot covers 957 square feet. The property has electrical connections throughout, separate storage locks, on-site parking, and a gated entry. The total property size is 1714 square feet, situated on a 0.2296-acre lot. This property presents an opportunity for builders or investors, subject to plan and approval.
Key Highlights
- Prime Location: In the heart of Hayward, walk to downtown.
- Income Potential: Two units already rented, providing immediate income.
- Significant Storage Space: Includes multiple storage areas (Main Storage 564 sq ft, Second Storage 156 sq ft).
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.5k | $32.40 |
| − Vacancy | −$2.7k | −$1.60 |
| EGI | $52.8k | $30.80 |
| − OpEx | −$15.8k | −$9.24 |
| NOI | $37.0k | $21.56 |
1,714 SF · lease $32.40/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$527.9K
$461.9K – $615.9K
NOI $36,953 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$474.9K
$415.6K – $554.1K
NOI $33,245 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$529.8K
$463.6K – $618.1K
NOI $37,088 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex in Hayward with garages and storage spaces.
Where is this triplex located?
The property is located at 22622 2nd Street Hayward, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime Location: In the heart of Hayward, walk to downtown.; Income Potential: Two units already rented, providing immediate income.; Significant Storage Space: Includes multiple storage areas (Main Storage 564 sq ft, Second Storage 156 sq ft).
