Five-Unit Multifamily
For Sale
$1,305,000
563 Laurel AVE, Hayward, CA 94541
Four apartments and a detached home create a varied residential configuration with private garages and additional off-street parking.
Property Size5,128 SF
Lot Size0.47 Acres
Days on Market52
Property Features for 563 Laurel AVE
General Information
Standard status
Active
Size
5,128 SF
Lot size
0.47 Acres
Property subtype
FiveOrMoreUnits
Zoning
RM
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Building Details
Building Size
5,128 SF
Year Built
1961
Listing Agency:
Garrison Properties
(650) 302-1712
Listed By:
Robert Garrison · License #01989778
(650) 302-1712
Source:
Johnpaye
Added: Jun 16
Changed: Aug 3
Last Checked: Aug 5 at 4:28AM
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 Garrison Properties
Investment Insights
Based on property information with market context.
This multifamily property contains five residential units: four two-bedroom, one-bath apartment units and a detached two-bedroom, one-bath single-family home. Each apartment includes a private garage, while the approximately 20,450-square-foot lot provides additional off-street parking. The property was built in 1961 and is located on an RM-zoned site.
Positioned at 563 Laurel AVE in Hayward, the property is near BART, shopping, dining, local amenities, and major transportation corridors. The combination of apartment units, a detached residence, garage parking, and a substantial lot provides a clearly defined residential income configuration.
Positioned at 563 Laurel AVE in Hayward, the property is near BART, shopping, dining, local amenities, and major transportation corridors. The combination of apartment units, a detached residence, garage parking, and a substantial lot provides a clearly defined residential income configuration.
Key Highlights
- Five total units: four 2‑bedroom, 1‑bath apartments plus one detached 2‑bedroom, 1‑bath home
- Approximately 20,450 square feet of RM‑zoned land
- Private garage included with each apartment unit
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 | $190.8k | $37.20 |
| − Vacancy | −$9.9k | −$1.93 |
| EGI | $180.8k | $35.27 |
| − OpEx | −$81.4k | −$15.87 |
| NOI | $99.5k | $19.40 |
5,128 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.42M
$1.24M – $1.66M
NOI $99,463 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $110,962 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four apartments and a detached home create a varied residential configuration with private garages and additional off-street parking.
Where is this apartment building located?
The property is located at 563 Laurel AVE Hayward, CA.
What is the asking price?
The asking price for this property is $1,305,000.
What are key features of this property?
This property features: Five total units: four 2‑bedroom, 1‑bath apartments plus one detached 2‑bedroom, 1‑bath home; Approximately 20,450 square feet of RM‑zoned land; Private garage included with each apartment unit
