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18-Unit Apartment Building

944 Walpert St, Hayward, CA 94541

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For Sale

$4,325,000

Well-maintained three-story multifamily with an elevator, covered parking, and a mix of 1- and 2-bedroom units.

Type:Investment

HighLights

18‑unit, three‑story multifamily property built in 1967, including an elevator serving all 3 floors
Unit mix: nine 1 bed/1 bath units and nine 2 bed/1 bath units
Parking income: 18 covered spaces plus 8 additional uncovered spaces rented for a fee
2025 improvements include a new roof and electric panels
2026 planned improvement: SB 721 balcony clearance
Current cap rate 5.93% and current GRM 9.64; proforma cap rate 6.95% and proforma GRM 8.81

We can help!

Listing Contact

Davide Pio

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For Sale

$4,325,000

Well-maintained three-story multifamily with an elevator, covered parking, and a mix of 1- and 2-bedroom units.

Type:Investment

Added:: Jun 3, 2026
Days on Market:: 19
Last Refresh:: Jun 6 at 1:55 am

Property Features for 944 Walpert St

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1967

We can help!

Listing Contact

Davide Pio

Listing agent Davide Pio License #01522969

Listing office BCRE

Listing date Jun 3, 2026

Source Elliman

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

HighLights

18‑unit, three‑story multifamily property built in 1967, including an elevator serving all 3 floors
Unit mix: nine 1 bed/1 bath units and nine 2 bed/1 bath units
Parking income: 18 covered spaces plus 8 additional uncovered spaces rented for a fee
2025 improvements include a new roof and electric panels
2026 planned improvement: SB 721 balcony clearance
Current cap rate 5.93% and current GRM 9.64; proforma cap rate 6.95% and proforma GRM 8.81

Overview

This apartment building comprises eighteen (18) units across three floors, including nine one-bedroom/one-bath residences and nine two-bedroom/one-bath residences. The property is elevator-served, with a laundry room available on two floors. Covered parking includes eighteen (18) spaces plus eight additional uncovered spaces, which are rented for a fee.

Recent upgrades support an updated, operationally efficient setting. Improvements cited include a new roof and electric panels installed in 2025, SB 721 balcony clearance planned for 2026, and most units updated with modern open kitchens featuring stone countertops. The asset has been well-maintained and upgraded over the years.

Located in the Mission/Foothills area of Hayward, the property is under one mile from downtown Hayward and Hayward BART, and about 1.5 miles from CSU East Bay. Access to regional commuting is supported by quick drives to the Highway 580/238 interchange and the 880/92 freeway, connecting to San Francisco, Silicon Valley, and the peninsula. The unit mix and common amenities make the building well-suited for an investor seeking a turn-key multifamily with practical in-place features.

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City: Hayward
County: Alameda
State: California
Longitude: -122.074699
Latitude: 37.669405

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For sale
Apartment buildings
CA
Hayward
94541
944 Walpert St

What type of property is this?

Apartment building - Well-maintained three-story multifamily with an elevator, covered parking, and a mix of 1- and 2-bedroom units.

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 $4,325,000.

What are key features of this property?

This property features: 18‑unit, three‑story multifamily property built in 1967, including an elevator serving all 3 floors; Unit mix: nine 1 bed/1 bath units and nine 2 bed/1 bath units; Parking income: 18 covered spaces plus 8 additional uncovered spaces rented for a fee