Immaculate 12-Unit Apartment
257 Poplar Ave Hayward, CA 94541
257 Poplar Ave, Hayward, CA, 94541
$4,098,000
For Sale
$4,098,000
Well-maintained, SB 721-compliant 12-unit building with a unit mix of 1-, 2-, and 3-bedroom floor plans.
Property Size13,397 SF
Lot Size0.56 Acres
Price / SF$305.89
Days on Market141
Property Features for 257 Poplar Ave
General Information
- Standard status
- Active
- Size
- 13,397 SF
- Lot size
- 0.56 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1974
Listing Agency
United Apartment Group
(925) 322-1474
Listed by
Theodore Booras · License #01147469
(925) 322-1474
Source
Exitrealty
Added: Feb 26 Checked: Jul 16 at 7:36 am
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 United Apartment Group
Investment Insights
Based on property information with market context.
257 Poplar Ave is a 12-unit apartment community built in 1974 and presented in immaculate condition. The property is SB 721 compliant and features a balanced mix of 1-, 2-, and 3-bedroom floor plans. Residents share laundry facilities, and the building includes outdoor balcony space with upgraded balconies and railings. The exterior has received fresh paint, and the property reflects more than $125,000 in recent updates.
The community is located in unincorporated Hayward and sits on a 24,600 SF lot, with 13,397 SF of building area. The property also includes owned solar for the master electric, an energy-related feature that can help support operating efficiency.
For buyers seeking a professionally maintained, multi-bedroom rental asset, this property offers an established unit mix with shared laundry and documented recent improvements. The combination of SB 721 compliance, updated exterior and balcony elements, and owned solar for the master electric provides a practical foundation for continued operation as a residential income community.
The community is located in unincorporated Hayward and sits on a 24,600 SF lot, with 13,397 SF of building area. The property also includes owned solar for the master electric, an energy-related feature that can help support operating efficiency.
For buyers seeking a professionally maintained, multi-bedroom rental asset, this property offers an established unit mix with shared laundry and documented recent improvements. The combination of SB 721 compliance, updated exterior and balcony elements, and owned solar for the master electric provides a practical foundation for continued operation as a residential income community.
Key Highlights
- 12‑unit apartment community built in 1974 with SB 721 compliance
- 13,397 SF building area on a 24,600 SF (.56‑acre) lot in unincorporated Hayward
- Unit mix includes 1-, 2-, and 3‑bedroom floor plans with shared laundry
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 | $498.4k | $37.20 |
| − Vacancy | −$25.9k | −$1.93 |
| EGI | $472.5k | $35.27 |
| − OpEx | −$212.6k | −$15.87 |
| NOI | $259.8k | $19.40 |
13,397 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.71M
$3.25M – $4.33M
NOI $259,849 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.14M
$3.62M – $4.83M
NOI $289,890 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained, SB 721-compliant 12-unit building with a unit mix of 1-, 2-, and 3-bedroom floor plans.
Where is this apartment building located?
The property is located at 257 Poplar Ave Hayward, CA.
What is the asking price?
The asking price for this property is $4,098,000.
What are key features of this property?
This property features: 12‑unit apartment community built in 1974 with SB 721 compliance; 13,397 SF building area on a 24,600 SF (.56‑acre) lot in unincorporated Hayward; Unit mix includes 1-, 2-, and 3‑bedroom floor plans with shared laundry
