Triplex Near
For Sale
$999,000
Pending
20940 Locust St, Hayward, CA 94541
Multifamily property with three residential units in unincorporated Hayward.
Property Size3,196 SF
Days on Market65
Property Features for 20940 Locust St
General Information
Standard status
Pending
Size
3,196 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1966
Listing Agency:
KW Advisors East Bay
(510) 775-1079
Listed By:
Danielle Keil · License #01280917
(510) 381-7451
Source:
Exitrealty
Added: Aug 13
Changed: Sep 1
Last Checked: Sep 15 at 4:13AM
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 KW Advisors East Bay
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains three residential units in a building constructed in 1966. The triplex is located in Cherryland, an unincorporated area of Hayward, and is positioned near downtown.
The property records a bike score of 59, a walk score of 50, and a transit score of 48, reflecting bikeable conditions, car-dependent walk access, and some transit availability.
The property records a bike score of 59, a walk score of 50, and a transit score of 48, reflecting bikeable conditions, car-dependent walk access, and some transit availability.
Key Highlights
- Three‑unit multifamily property
- Built in 1966
- Located in Cherryland, unincorporated Hayward
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,905
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,378,100
$1.4M
Cap Rate 7%
$984,357
$984.4K
Cap Rate 9%
$765,611
$765.6K
Market Conditions
NOI Build-Up for 3,196 SF
Gross rent
$103.6K $32.40/SF
− Vacancy
−$5.1K −$1.60/SF
EGI
$98.4K $30.80/SF
− OpEx
−$29.5K −$9.24/SF
NOI
$68.9K $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 Rate 5%
$1,378,100
Cap Rate 7%
$984,357
Cap Rate 9%
$765,611
Alternative Uses
Best Use
Multifamily LT 5
$984.4K
$861.3K – $1.15M
NOI $68,905 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$885.6K
$774.9K – $1.03M
NOI $61,990 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$987.9K
$864.5K – $1.15M
NOI $69,156 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
945
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with three residential units in unincorporated Hayward.
Where is this triplex located?
The property is located at 20940 Locust St Hayward, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Built in 1966; Located in Cherryland, unincorporated Hayward
