Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Hayward Multifamily Investment Opportunity Title is generated by Realmo AI

    771 Memorial Way, Hayward, CA 94541

    View on Map
    Claim this Listing
    For Sale
    $2,200,000

    Eight-unit property in Hayward with strong rental income.

    Type:Commercial
    Property size:
    4,800 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $458/SF
    Added:
    Mar 2, 2026
    Days on Market:
    95
    Last Refresh:
    Apr 5 at 8:26 pm

    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

    We can help!

    Listing Contact
    JOSEPH YEN

    Listing agent JOSEPH YEN

    Listing office COMPASS

    Listing date Mar 2, 2026

    Source Corcoran

    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

    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
    • Convenient location: close to amenities, transportation, and highways
    • Coin‑operated laundry room
    • Double pane windows

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.114
    Latitude
    37.6652

    Nearby Similar for Sale

    • $699,000
      1,714 SF

      Hayward Multifamily Property with Garages

      Triplex in Hayward with garages and storage spaces.
      22622 2nd Street, Hayward, CA 94541
      View Details
    • $220,000

      Airport Hangar Ground Lease

      Long-term hangar ground lease with fire sprinklers, three-phase power, private restrooms, and electric bi-fold door.
      20999 Skywest DR B14, HAYWARD, CA 94541
      View Details
    • $1,050,000
      2,010 SF

      Hayward Duplex in Fairway Greens

      Clean duplex, great for 1031 exchange or portfolio addition.
      30236 Vanderbilt St, Hayward, CA 94544
      View Details
    • $615,000
      1,514 SF

      Hayward Freestanding Office Building

      Single-tenant office building in Hayward with functional layout.
      22283 Main St, Hayward, CA 94541
      View Details
    • $1,795,000

      Downtown Hayward Office Buildings Opportunity

      Two revitalized office buildings on a large lot in Hayward.
      578 B St, Hayward, CA 94541
      View Details
    • $1,999,888
      3,433 SF

      Hayward Industrial Property For Sale

      Small-bay industrial asset in Hayward's core industrial corridor.
      593 Industrial Parkway West, Hayward, CA 94544
      View Details
    • $749,000
      776 SF

      Downtown Hayward Restaurant Opportunity

      Restaurant space in downtown Hayward with established food service history.
      951 C Street, Hayward, CA 94541
      View Details
    • $615,000
      1,514 SF

      Free-Standing Office Building in Hayward

      Single-tenant office building ideal for medical or professional use.
      22283 Main Street, Hayward, CA 94541
      View Details
    • $1,795,000
      5,844 SF

      Downtown Hayward Office Buildings

      Two revitalized office buildings in Downtown Hayward on 0.70 acres.
      578 B Street, HAYWARD, CA 94541
      View Details
    • $788,000
      2,193 SF

      Hayward Commercial Property: Office/Warehouse

      Versatile commercial space with office and warehouse in Hayward, CA.
      1252 W Winton Avenue #7, Hayward, CA 94545
      View Details
    • $15,000,000

      Hayward Senior Care Campus

      Licensed senior care campus in Hayward, California, for sale.
      22427 Montgomery St, Hayward, CA 94541
      View Details
    • $2,400,000
      9,944 SF

      Retail/Service Property For Sale

      High visibility retail/service property with multiple service bays.
      21715 Mission Blvd, Hayward, CA 94541
      View Details

    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
    (650) 941-1111
    We can help!
    Listing Contact
    JOSEPH YEN
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    771 Memorial Way, HAYWARD, CA 94541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!