21501 Westpark St, Hayward, CA 94541
Twenty-four townhouse-style units with separate utility metering support streamlined property operations.
- Added:
- Jun 9, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 2:21 am
Property Features for 21501 Westpark St
General Information
- Standard status
- Active
- Size
- 20,605 SF
- Lot size
- 0.88 Acres
- Property subtype
- Multifamily
Listing agent Adam Richardson License #License(s): CA: 02205735 (650) 391-1806
Listing office Palo Alto Office (650) 391-1806
Listing date Jun 9, 2026
Source Marcusmillichap
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All listing content including descriptions, pricing, images are the copyrighted material of Palo Alto Office
HighLights
- 24‑unit multifamily asset on a 0.88‑acre parcel in Hayward, CA
- 20,605 SF gross building area with maintained 97% physical occupancy rate
- Unit mix: 75% townhouse‑style units; each has 1.5 bathrooms with an average 859 SF
- All 24 units are individually metered for water, electricity, and gas
- 6.44% cap rate based on a $6,700,000 list price
Overview
The property is located in Hayward, California, within the central East Bay. It offers a defined, small-lot configuration suitable for investors and operators seeking a manageable number of residential units under one ownership.
From an operator or buyer perspective, the individually metered setup can simplify monthly utility administration compared with properties that rely on landlord-paid utilities. The reported 97% physical occupancy provides in-place rental performance, and the unit mix includes townhouse-style layouts that may appeal to tenants looking for more residential-style living arrangements. The offering includes the stated 6.44% cap rate based on the provided $6,700,000 list price.
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 | $766.5k | $37.20 |
| − Vacancy | −$39.9k | −$1.93 |
| EGI | $726.6k | $35.27 |
| − OpEx | −$327.0k | −$15.87 |
| NOI | $399.7k | $19.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.1144752
- Latitude
- 37.6652877
