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Six-Unit Single-Story Apartment Building
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478 Schafer Rd, Hayward, CA 94544

Legal multifamily property with renovated interiors and private outdoor areas in Hayward.

Property SizeContact for details
Days on Market143

Property Features for 478 Schafer Rd

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 5 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units 6

Additional Details

Cap Rate 5.04%

Building Details

Stories 1
Listing Agency: Marcus & Millichap - Palo Alto
Listed By: Carlos Azucena · License #01748155
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 1:54PM

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 Marcus & Millichap - Palo Alto

Investment Insights

Based on property information with market context.

This legal 6-unit multifamily property in Hayward is currently arranged as 5 units because two residences have been combined. The joined units can be separated to restore the six-unit configuration. All residences are single story and average over 700 SF, providing a practical low-rise layout.

Renovation work has been completed in 3 of the 5 operated units, including updated kitchens, bathrooms, flooring, and windows. Three of the operated units also include private outdoor space. The property is located at 478 Schafer Rd in Hayward, California.

Key Highlights

  • Legal 6‑unit multifamily property currently operated as 5 units
  • Combined units can be separated to restore the 6‑unit configuration
  • Single‑story residences average over 700 SF each

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Skin Care Clinic Dental Office Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

634
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Legal multifamily property with renovated interiors and private outdoor areas in Hayward.
Where is this apartment building located?
The property is located at 478 Schafer Rd Hayward, CA.
What are key features of this property?
This property features: Legal 6‑unit multifamily property currently operated as 5 units; Combined units can be separated to restore the 6‑unit configuration; Single‑story residences average over 700 SF each
(650) 391-1746 Call to check price and availability
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