944 Walpert St Hayward, CA 94541
Well-maintained 18-unit apartment building near downtown Hayward and CSU East Bay.
Type:Commercial
Property size:
14,202 SFPrice / SF:
$306/SF- Added:
- Oct 28, 2025
- Days on Market:
- 176
- Last Refresh:
- Apr 5 at 8:20 pm
Property Features for 944 Walpert St
General Information
- Standard status
- Active
- Size
- 14,202 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing agent DAVIDE PIO License #01522969
Listing office BCRE (510) 222-0900
Listing date Oct 28, 2025
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 BCRE
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Alameda
- State
- California
- Longitude
- -122.075
- Latitude
- 37.6694
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.
