944 Walpert St Hayward, CA 94541
Well-maintained 18-unit apartment building near downtown Hayward and CSU East Bay.
Property size:
14,202 SFProperty Features for 944 Walpert St
General Information
- Standard status
- Active
- Size
- 14,202 SF
Building Details
- Year built
- 1967
Source:
Corcoran
Listing Agency: BCRE Listing Agent: Davide Pio
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Hayward Foothills Multifamily Investment Opportunity
The multifamily asset at 944 Fletcher Ln (alt addrs: 944 Walpert St) features eighteen units, with nine units offering 1 bed / 1 bath layouts and the other nine units featuring 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include a new roof and electric panels planned for 2025, and most units have been updated to modern open kitchens with stone countertops. Some first-floor units include backyards, while others on the second and third floors have balconies. West-facing units offer views stretching to the bay. The property includes 18 covered parking spaces and 8 uncovered spaces, which are rented for a fee. An elevator serves all three floors, and laundry rooms are located on two floors. The property allows for a turn-key investment with upside in the Hayward foothills. Located in the Mission / Foothills neighborhood, the property is under one mile from downtown Hayward and the Hayward BART station, and 1.5 miles from CSU East Bay. It is a short drive from the Highway 580 / 238 interchange and the 880 / 92 freeway, providing connections to San Francisco, Silicon Valley, and the peninsula. The property size is 14202 square feet. The current cap rate is 5.73% with a gross rent multiplier of 9.77. The proforma cap rate is 6.68% with a gross rent multiplier of 8.98.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.074699
- Latitude
- 37.669405
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Well-maintained 18-unit apartment building near downtown Hayward and CSU East Bay.
Where is this apartment building located?
The property is located at 944 Walpert St Hayward, CA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: - Proforma Cap Rate of 6.68% and GRM of 8.98 indicate strong investment potential.; - Prime location: Less than 1 mile to downtown Hayward and BART station, and 1.5 miles to CSU East Bay.; - Easy access to Highways 580/238 and 880/92 for convenient commuting to San Francisco, Silicon Valley, and the Peninsula.
