Mixed-Use Property with Commercial
For Sale
$1,399,000
1384 B Street, Hayward, CA 94541
Commercial Sale, Hayward, CA
Property Size3,456 SF
Lot Size0.20 Acres
Price / SF$404.80
Days on Market94
Property Features for 1384 B Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
See Attached Docs
Parking
5
Parking features
Open, Covered
Interior features
Unfinished Walls
Lot features
B A R T Nearby, City Lot, B A R T Nearby, City Lot
Subdivision
Hayward
Standard status
Active
APN
427003101800
Size
3,456 SF
Lot size
0.20 Acres
Utilities
Heating system
Wall Furnace
Amenities
on-site laundry
Building Details
Year built
1951
Flooring type
Unfinished, Linoleum, Carpet
Building materials
Stucco, Wood Siding, Wood
Roof type
Composition, Shingle, Tar/Gravel
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 19
Last Checked: Aug 21 at 8:06AM
MLS# 426132820
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 mixed-use property includes two buildings totaling 3,456 square feet on a 0.2046-acre site. The residential component contains four units: two one-bedroom apartments and two two-bedroom apartments. A separate commercial front area is unfinished, with prior city permits and plans now expired. The property was built in 1951 and includes wall-furnace heating, open and covered parking, and a dedicated laundry area.
The property is located at 1384 B Street in Hayward, near downtown Hayward. An additional small adjacent lot is included in the sale. Residential occupants have been associated with the property for more than 20 years, and the owner indicates the buildings may be delivered vacant. Interior finishes include unfinished areas, linoleum, and carpet, with stucco and wood construction elements and composition, shingle, and tar/gravel roofing.
The property is located at 1384 B Street in Hayward, near downtown Hayward. An additional small adjacent lot is included in the sale. Residential occupants have been associated with the property for more than 20 years, and the owner indicates the buildings may be delivered vacant. Interior finishes include unfinished areas, linoleum, and carpet, with stucco and wood construction elements and composition, shingle, and tar/gravel roofing.
Key Highlights
- 3,456‑square‑foot mixed‑use property on a 0.2046‑acre site
- Four residential units: two one‑bedroom and two two‑bedroom apartments
- Unfinished commercial front area with expired city permits and plans
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
$67,033
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
4.79%
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%
$1,340,660
$1.3M
Cap Rate 7%
$957,614
$957.6K
Cap Rate 9%
$744,811
$744.8K
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
$128.6K $37.20/SF
− Vacancy
−$6.7K −$1.93/SF
EGI
$121.9K $35.27/SF
− OpEx
−$54.8K −$15.87/SF
NOI
$67.0K $19.40/SF
Area
Hayward, CA
Vacancy
5.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,340,660
Cap Rate 7%
$957,614
Cap Rate 9%
$744,811
Alternative Uses
Best Use
Apartment 5plus
$957.6K
$837.9K – $1.12M
NOI $67,033 @ 7.0% cap · market cap 4.79%
Second Best
Mixed Use
$860.9K
$753.3K – $1.00M
NOI $60,264 @ 7.0% cap · market cap 4.31%
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
Lease Details
4
Residential units
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?
Mixed-use property - Two buildings combine unfinished commercial space with four residential units and dedicated on-site laundry.
Where is this mixed-use property located?
The property is located at 1384 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: 3,456‑square‑foot mixed‑use property on a 0.2046‑acre site; Four residential units: two one‑bedroom and two two‑bedroom apartments; Unfinished commercial front area with expired city permits and plans
