Quadplex with Commercial
For Sale
$1,399,000
1384 B Street, Hayward, CA 94541
MULTI_FAMILY - Contemporary - Hayward, CA
Property Size3,456 SF
Lot Size0.20 Acres
Price / SF$404.80
Days on Market92
Property Features for 1384 B Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
See Attached Docs
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 5, Bathroom 3, Laundry Room, Bathroom 4, Bedroom 6
Parking
5
Parking features
Covered, Open
Window features
Double Pane Windows
Appliances
Varies By Unit, Washer/Dryer
Lot features
Irregular Lot, Irregular Lot
Elementary school district
Alameda
Middle school district
Alameda
High school district
Hayward Unified
Subdivision
Hayward
Standard status
Active
APN
427003101800
Size
3,456 SF
Lot size
0.20 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1951
Number of units
5
Flooring type
Vinyl, Laminate, Carpet, Simulated wood
Building materials
Stucco, Wood
Roof type
Asphalt, Composition, Shingle
Architectural style
Contemporary
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 18
Last Checked: Aug 19 at 10:06AM
MLS# 426132779
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 contemporary quadplex includes 3,456 square feet across two buildings, with four residential units and an unfinished commercial front space. The residential mix comprises two one-bedroom units and two two-bedroom units, supported by a dedicated laundry area with washer and dryer equipment. Construction includes stucco and wood, while interior finishes include vinyl, laminate, carpet, and simulated wood flooring. The property was built in 1951 and uses wall-furnace heating.
A second small adjacent lot is included. Public water and public sewer serve the property, with covered and open parking available on site. The commercial portion has previously obtained city permits and plans that have expired, leaving completion and revisions subject to the applicable approval process. The property is located near downtown Hayward at 1384 B Street.
A second small adjacent lot is included. Public water and public sewer serve the property, with covered and open parking available on site. The commercial portion has previously obtained city permits and plans that have expired, leaving completion and revisions subject to the applicable approval process. The property is located near downtown Hayward at 1384 B Street.
Key Highlights
- 3,456‑square‑foot quadplex on a 0.2046‑acre property
- Four residential units: two one‑bedroom and two two‑bedroom units
- Unfinished commercial front space included within the two‑building property
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
$74,510
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
5.33%
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%
$1,490,200
$1.5M
Cap Rate 7%
$1,064,429
$1.1M
Cap Rate 9%
$827,889
$827.9K
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
$112.0K $32.40/SF
− Vacancy
−$5.5K −$1.60/SF
EGI
$106.4K $30.80/SF
− OpEx
−$31.9K −$9.24/SF
NOI
$74.5K $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%
$1,490,200
Cap Rate 7%
$1,064,429
Cap Rate 9%
$827,889
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$931.4K – $1.24M
NOI $74,510 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$957.6K
$837.9K – $1.12M
NOI $67,033 @ 7.0% cap · market cap 4.79%
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
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?
Quadplex - Four residential units accompany an unfinished commercial frontage and dedicated on-site laundry area.
Where is this quadplex 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 quadplex on a 0.2046‑acre property; Four residential units: two one‑bedroom and two two‑bedroom units; Unfinished commercial front space included within the two‑building property
