Value-Add Fourplex
For Sale
$1,488,888
25684 Spring Dr, Hayward, CA 94542
Well-maintained fourplex with spacious units, each including an additional bonus room and strong current occupancy.
Property Size4,031 SF
Price / SF$369.36
Days on Market96
Property Features for 25684 Spring Dr
General Information
Standard status
Active
Size
4,031 SF
Property subtype
Multi Family
Occupancy
50%
Site & Location
Neighborhood
Mission Foothills
Additional Details
Multifamily Units
4
Amenities
bonus room
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
New Cal Realty
(925) 249-2400
Listed By:
Heman Galzie · License #01422754
(415) 725-6000
Source:
Exitrealty
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 11 at 3:21AM
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
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Investment Insights
Based on property information with market context.
This well-maintained fourplex offers four residential units, each with an additional bonus room that can serve as a home office, nursery, or flex space. Two units are currently leased, while the remaining two units are projected at market rents of $2,395 per month, creating potential upside for an investor.
The property is located in Hayward, just minutes from Cal State East Bay, with convenient access to shopping, dining, public transportation, major commuter routes, and regional employers. BikeScore is 65 (Bikeable), WalkScore is 73 (Very Walkable), and transitScore is 33 (Some Transit).
The owner pays water and garbage, which may simplify tenant utility obligations. The asset is positioned as a value-add opportunity based on the in-place occupancy and projected market-rent outlook for the unleased units.
The property is located in Hayward, just minutes from Cal State East Bay, with convenient access to shopping, dining, public transportation, major commuter routes, and regional employers. BikeScore is 65 (Bikeable), WalkScore is 73 (Very Walkable), and transitScore is 33 (Some Transit).
The owner pays water and garbage, which may simplify tenant utility obligations. The asset is positioned as a value-add opportunity based on the in-place occupancy and projected market-rent outlook for the unleased units.
Key Highlights
- Well‑maintained fourplex built in 1969 with spacious units
- Each unit includes an additional bonus room for office, nursery, or flex space
- Current occupancy: 2 units leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,907
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,738,140
$1.7M
Cap Rate 7%
$1,241,529
$1.2M
Cap Rate 9%
$965,633
$965.6K
Market Conditions
NOI Build-Up for 4,031 SF
Gross rent
$130.6K $32.40/SF
− Vacancy
−$6.5K −$1.60/SF
EGI
$124.2K $30.80/SF
− OpEx
−$37.2K −$9.24/SF
NOI
$86.9K $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%
$1,738,140
Cap Rate 7%
$1,241,529
Cap Rate 9%
$965,633
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,907 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$1.12M
$977.3K – $1.30M
NOI $78,186 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,224 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
Business Placement
Demographics for 94542, CA
15,691
Population
5,232
Households
3
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
8.7 sq mi
ZIP Area
1,804
Density / Sq Mi
$131,989
Median Household Income
$58,093
Median Earnings
$2,605
Median Rent
$1,085,900
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?
Quadplex - Well-maintained fourplex with spacious units, each including an additional bonus room and strong current occupancy.
Where is this quadplex located?
The property is located at 25684 Spring Dr Hayward, CA.
What is the asking price?
The asking price for this property is $1,488,888.
What are key features of this property?
This property features: Well‑maintained fourplex built in 1969 with spacious units; Each unit includes an additional bonus room for office, nursery, or flex space; Current occupancy: 2 units leased
