Duplex with Detached
For Sale
$765,000
20753 Agnes Lane, Hayward, CA 94541
Two tenant-occupied units with separate utility responsibility, plus recently updated electrical panels and meters.
Property Size1,431 SF
Price / SF$534.59
Days on Market102
Property Features for 20753 Agnes Lane
General Information
Standard status
Active
Size
1,431 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Building Size
1,431 SF
Units
1
Tenancy
Multi
Listing Agency:
BellStreet
(650) 282-0477
Listed By:
Amit Urban · License #01998926
Source:
Commercialcafe
Added: May 14
Changed: Aug 8
Last Checked: Aug 18 at 10:11AM
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 BellStreet
Investment Insights
Based on property information with market context.
This duplex for sale includes two tenant-occupied units: a spacious 2-bedroom/1-bath and a 1-bedroom/1-bath. The building totals approximately 1,431 square feet and is supported by recently updated electrical panels and meters. Tenants are responsible for all utilities, which can help simplify operating expenses.
The property also features a detached garage, offering potential additional utility through an accessory dwelling unit conversion, subject to buyer verification.
With both units currently in place, the configuration supports an income-focused setup from day one while providing the possibility to expand or re-purpose the detached garage through an ADU conversion (buyer to verify).
The property also features a detached garage, offering potential additional utility through an accessory dwelling unit conversion, subject to buyer verification.
With both units currently in place, the configuration supports an income-focused setup from day one while providing the possibility to expand or re-purpose the detached garage through an ADU conversion (buyer to verify).
Key Highlights
- Duplex with 2 tenant‑occupied units (2BD/1BA and 1BD/1BA)
- 1,431 SF building with two separate living units
- Tenants pay all utilities, helping to maximize net income and simplify management
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
$30,852
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
4.03%
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%
$617,040
$617.0K
Cap Rate 7%
$440,743
$440.7K
Cap Rate 9%
$342,800
$342.8K
Market Conditions
NOI Build-Up for 1,431 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
$46.4K $32.40/SF
− Vacancy
−$2.3K −$1.60/SF
EGI
$44.1K $30.80/SF
− OpEx
−$13.2K −$9.24/SF
NOI
$30.9K $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%
$617,040
Cap Rate 7%
$440,743
Cap Rate 9%
$342,800
Alternative Uses
Best Use
Multifamily LT 5
$440.7K
$385.7K – $514.2K
NOI $30,852 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$396.5K
$347.0K – $462.6K
NOI $27,756 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$442.4K
$387.1K – $516.1K
NOI $30,965 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
721
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?
Duplex - Two tenant-occupied units with separate utility responsibility, plus recently updated electrical panels and meters.
Where is this duplex located?
The property is located at 20753 Agnes Lane Hayward, CA.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Duplex with 2 tenant‑occupied units (2BD/1BA and 1BD/1BA); 1,431 SF building with two separate living units; Tenants pay all utilities, helping to maximize net income and simplify management
