30-Unit Apartment Building with
For Sale
$8,095,000
399 Schafer Rd, Hayward, CA 94544
Multifamily property with updated interiors, on-site laundry, and solar panels.
Property Size17,430 SF
Price / SF$464.43
Days on Market52
Property Features for 399 Schafer Rd
General Information
Standard status
Active
Size
17,430 SF
Total Parking Spaces
47
Property subtype
Multi Family
Units
Unit Mix
20 x 1bd/1bth, 9 x 2bd/1bth, 1 x 3bd/1bth
Multifamily Units
30
Amenities
on-site laundry facility
solar panels
Building Details
Year Built
1962
Listing Agency:
The Pinza Group, Inc
(510) 725-4775
Listed By:
Steven Pinza · License #01867691
(510) 788-6045
Source:
Exitrealty
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 9 at 6:13PM
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 The Pinza Group, Inc
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Investment Insights
Based on property information with market context.
This 30-unit apartment property includes 20 one-bedroom, one-bath units, 9 two-bedroom, one-bath units, and 1 three-bedroom, one-bath unit. A total of 26 units have been renovated, with updated kitchens and bathrooms featuring contemporary finishes. Property improvements also include 100-gallon water heaters, new asphalt and striping, and refreshed exterior paint.
Parking includes 9 covered carports and 38 uncovered spaces. Residents have access to an on-site laundry facility, while solar panels help offset electrical consumption. The property is located at 399 Schafer Rd in Hayward, near restaurants, shopping, commute options, and Downtown Hayward.
Parking includes 9 covered carports and 38 uncovered spaces. Residents have access to an on-site laundry facility, while solar panels help offset electrical consumption. The property is located at 399 Schafer Rd in Hayward, near restaurants, shopping, commute options, and Downtown Hayward.
Key Highlights
- 30 units: 20 one‑bedroom, 9 two‑bedroom, and 1 three‑bedroom
- 26 of 30 units renovated with updated kitchens and bathrooms
- Parking includes 9 covered carports and 38 uncovered spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$338,074
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,761,480
$6.8M
Cap Rate 7%
$4,829,629
$4.8M
Cap Rate 9%
$3,756,378
$3.8M
Market Conditions
NOI Build-Up for 17,430 SF
Gross rent
$648.4K $37.20/SF
− Vacancy
−$33.7K −$1.93/SF
EGI
$614.7K $35.27/SF
− OpEx
−$276.6K −$15.87/SF
NOI
$338.1K $19.40/SF
Area
Hayward, CA
Vacancy
5.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,761,480
Cap Rate 7%
$4,829,629
Cap Rate 9%
$3,756,378
Alternative Uses
Best Use
Apartment 5plus
$4.83M
$4.23M – $5.63M
NOI $338,074 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.39M
$4.71M – $6.29M
NOI $377,157 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
510
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
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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?
Apartment building - Multifamily property with updated interiors, on-site laundry, and solar panels.
Where is this apartment building located?
The property is located at 399 Schafer Rd Hayward, CA.
What is the asking price?
The asking price for this property is $8,095,000.
What are key features of this property?
This property features: 30 units: 20 one‑bedroom, 9 two‑bedroom, and 1 three‑bedroom; 26 of 30 units renovated with updated kitchens and bathrooms; Parking includes 9 covered carports and 38 uncovered spaces
