Turnkey Five-Unit Apartment
184 A Street Hayward, CA 94541
184 A Street, Hayward, CA, 94541
$1,349,000
For Sale
$1,349,000
Turnkey five-unit building with remodeled 1-bedroom/1-bath apartments and on-site coin-operated laundry.
Property Size2,782 SF
Price / SF$484.90
Days on Market8
Property Features for 184 A Street
General Information
- Standard status
- Active
- Size
- 2,782 SF
- Property subtype
- 5+ Units
Building Details
- Year Built
- 1895
Listing agency
New Cal Realty
(415) 725-6000
Listed by
Heman Galzie · License #01422754
(415) 725-6000
Source
Compass
Added: Jul 14 Updated: Jul 21 at 12:24PM Checked: Jul 21 at 12:24PM
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 New Cal Realty
Investment Insights
Based on property information with market context.
Exceptional turnkey five-unit apartment building featuring spacious, remodeled 1-bedroom/1-bath units. The property includes on-site coin-operated laundry, dual-pane windows, maintained decking and stairs, and private gated access, with recently updated units throughout.
Located in unincorporated Hayward with no City of Hayward rent control, the building offers added ownership flexibility. It is also positioned near shopping, dining, public transportation, major commuter routes, and everyday conveniences.
The configuration consists of five rental units designed to support stable in-place income, with improvements including updated interiors and exterior elements such as decking and stairs.
Located in unincorporated Hayward with no City of Hayward rent control, the building offers added ownership flexibility. It is also positioned near shopping, dining, public transportation, major commuter routes, and everyday conveniences.
The configuration consists of five rental units designed to support stable in-place income, with improvements including updated interiors and exterior elements such as decking and stairs.
Key Highlights
- 5‑unit apartment building built in 1895 with remodeled 1‑bedroom/1‑bath units
- 7.15% current cap rate, with stable in‑place rental income
- On‑site coin‑operated laundry provides additional income
Local 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 | $103.5k | $37.20 |
| − Vacancy | −$5.4k | −$1.93 |
| EGI | $98.1k | $35.27 |
| − OpEx | −$44.1k | −$15.87 |
| NOI | $54.0k | $19.40 |
2,782 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$770.9K
$674.5K – $899.3K
NOI $53,960 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.0K
$752.5K – $1.00M
NOI $60,198 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Turnkey five-unit building with remodeled 1-bedroom/1-bath apartments and on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 184 A Street Hayward, CA.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 5‑unit apartment building built in 1895 with remodeled 1‑bedroom/1‑bath units; 7.15% current cap rate, with stable in‑place rental income; On‑site coin‑operated laundry provides additional income
