Hayward Multifamily Investment
771 Memorial Way Hayward, CA 94541
771 Memorial Way, Hayward, CA, 94541
$2,200,000
For Sale
$2,200,000
Eight-unit property in Hayward with strong rental income.
Property Size4,800 SF
Lot Size0.23 Acres
Price / SF$458.33
Days on Market141
Property Features for 771 Memorial Way
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.23 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1962
Listing agency
COMPASS
(650) 941-1111
Listed by
JOSEPH YEN
Source
Corcoran
Added: Mar 2 Updated: Jul 6 at 9:59AM Checked: Jul 21 at 6:02AM
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 COMPASS
Investment Insights
Based on property information with market context.
This multifamily property in Hayward presents an investment opportunity. The property features eight units: four 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units. The property benefits from strong rental income. Double-pane windows and electric heating are included. Additional storage space is available. Carport and street parking are provided. A coin-operated laundry room is located on the premises. The front yard includes a lawn area suitable for entertaining. The property is situated on a spacious lot of over 10,000 square feet. Its location offers convenient access to parks, retail establishments, restaurants, Southland Mall, Hayward Executive Airport, and downtown Hayward. Public transportation, BART stations, and Highways 92, 880, 238, and 580 are easily accessible.
Key Highlights
- Strong rental income
- 8‑unit property featuring four 2 bed/1 bath and four 1 bed/1 bath units
- Spacious 10,000+/- sf lot
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 | $178.6k | $37.20 |
| − Vacancy | −$9.3k | −$1.93 |
| EGI | $169.3k | $35.27 |
| − OpEx | −$76.2k | −$15.87 |
| NOI | $93.1k | $19.40 |
4,800 SF · lease $37.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.33M
$1.16M – $1.55M
NOI $93,101 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,864 @ 7.0% cap · market cap 4.72%
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 - Eight-unit property in Hayward with strong rental income.
Where is this apartment building located?
The property is located at 771 Memorial Way Hayward, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Strong rental income; 8‑unit property featuring four 2 bed/1 bath and four 1 bed/1 bath units; Spacious 10,000+/- sf lot
