New Four-Unit
For Sale
$2,499,999
24538 Oneil AVE, Hayward, CA 94544
Modern appliances, contemporary finishes, and energy-efficient systems define the unit interiors.
Property Size5,291 SF
Days on Market9
Property Features for 24538 Oneil AVE
General Information
Standard status
Active
Size
5,291 SF
Property subtype
Fourplex
Zoning
MB-CN
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$7,965
Building Details
Building Size
5,291 SF
Year Built
2026
Buildings
1
Listing Agency:
Compass
Listed By:
Ngoc Lac Lac · License #02055928
(408) 890-1007
Source:
Johnpaye
Added: Sep 19
Changed: Sep 26
Last Checked: Sep 26 at 1:00PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 2026, this four-unit multifamily property offers contemporary residential interiors with modern appliances and energy-efficient systems. The building is configured as a quadplex and provides four residences within a newly constructed asset.
The property is located in Hayward, California, with access to I-880, Highway 92, BART, Downtown Hayward, CSU East Bay, and Southland Mall. MB-CN zoning supports mixed-use and residential development, providing a defined land-use framework for the site.
The property is located in Hayward, California, with access to I-880, Highway 92, BART, Downtown Hayward, CSU East Bay, and Southland Mall. MB-CN zoning supports mixed-use and residential development, providing a defined land-use framework for the site.
Key Highlights
- Four‑unit quadplex built in 2026
- Contemporary finishes in each residence
- Modern appliances included in each unit
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
$114,072
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
4.56%
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%
$2,281,440
$2.3M
Cap Rate 7%
$1,629,600
$1.6M
Cap Rate 9%
$1,267,467
$1.3M
Market Conditions
NOI Build-Up for 5,291 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
$171.4K $32.40/SF
− Vacancy
−$8.5K −$1.60/SF
EGI
$163.0K $30.80/SF
− OpEx
−$48.9K −$9.24/SF
NOI
$114.1K $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%
$2,281,440
Cap Rate 7%
$1,629,600
Cap Rate 9%
$1,267,467
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,072 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$1.47M
$1.28M – $1.71M
NOI $102,625 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,489 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 94544, CA
79,769
Population
23,990
Households
3.3
Avg Household Size
36
Median Age
27%
College-Educated
79%
High-School Grad
11.0 sq mi
ZIP Area
7,252
Density / Sq Mi
$108,358
Median Household Income
$48,926
Median Earnings
$2,339
Median Rent
$801,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Modern appliances, contemporary finishes, and energy-efficient systems define the unit interiors.
Where is this quadplex located?
The property is located at 24538 Oneil AVE Hayward, CA.
What is the asking price?
The asking price for this property is $2,499,999.
What are key features of this property?
This property features: Four‑unit quadplex built in 2026; Contemporary finishes in each residence; Modern appliances included in each unit
