17-Unit Apartment
New
For Sale
$4,750,000
1064 E Street, Hayward, CA 94541
Seventeen-unit apartment building with private decks, elevator service, and a coin-operated laundry facility.
Property Size18,650 SF
Price / SF$254.69
Days on Market4
Property Features for 1064 E Street
General Information
Standard status
Active
Size
18,650 SF
Total Parking Spaces
24
Elevators
Yes
Property subtype
Multi Family
Financials
Cap Rate
5.81%
Gross Rent Multiplier
11.75
Units
Unit Mix
15 x 2BR/1.5BA, 2 x 1BR/1BA
Multifamily Units
17
Amenities
private decks
coin-operated laundry facility
Building Details
Year Built
1965
Listing Agency:
Alliance Bay Realty
(510) 909-0007
Listed By:
Joseph Silva · License #02046259
(510) 909-0007
Source:
Exitrealty
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 5:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alliance Bay Realty
Investment Insights
Based on property information with market context.
Casa Bret Harte is a 17-unit multifamily property built in 1965 with a mix of fifteen 2-bedroom/1.5-bath units and two 1-bedroom/1-bath units. The building includes private decks for residents, an elevator for convenient access, and a coin-operated laundry facility. On-site parking totals 24 spaces.
Currently, 15 units are occupied and two units are vacant, creating immediate leasing potential. The building area is approximately 18,650 square feet.
Recent capital improvements have been completed, positioned to reduce near-term capital needs. Current-rent performance is presented as a 5.81% cap rate and 11.75 GRM, with market-rent performance shown as over an 8% cap rate and 9.29 GRM.
Currently, 15 units are occupied and two units are vacant, creating immediate leasing potential. The building area is approximately 18,650 square feet.
Recent capital improvements have been completed, positioned to reduce near-term capital needs. Current-rent performance is presented as a 5.81% cap rate and 11.75 GRM, with market-rent performance shown as over an 8% cap rate and 9.29 GRM.
Key Highlights
- 17 units: fifteen 2‑bedroom/1.5‑bath and two 1‑bedroom/1‑bath units
- Approximately 18,650 SF building area built in 1965
- Two vacancies (15 occupied) with immediate leasing potential
Financial Insights For Apartment 5plus
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 | $693.8k | $37.20 |
| − Vacancy | −$36.1k | −$1.93 |
| EGI | $657.7k | $35.27 |
| − OpEx | −$296.0k | −$15.87 |
| NOI | $361.7k | $19.40 |
18,650 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
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
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 - Seventeen-unit apartment building with private decks, elevator service, and a coin-operated laundry facility.
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 units: fifteen 2‑bedroom/1.5‑bath and two 1‑bedroom/1‑bath units; Approximately 18,650 SF building area built in 1965; Two vacancies (15 occupied) with immediate leasing potential
