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Property profile & analytics
OFF-MARKET
Estimated value
$3,480,000
Apartment buildings
22169 Gdn Ave Hayward, CA 94541-6029
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-8249892
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
WOOD
Total area
21,504 SF
Lot
1 ac (43,560 SF)
APN
432-32-6-2
UPID
US09-8249892
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.48M
Owner & transaction history
Rajneesh Salwan · 9 yrs held
Rajneesh Salwan
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.7M
+10.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hayward submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hayward submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,185,000
Current use
MEDICAL BUILDING
$5,735,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$3.48M
Range $3.13M – $3.83M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$162 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$65,428
Tax year 2023
Assessed value
$4,641,578
Assessed 2024
Previous assessed
$4,540,084
+2.2% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,389,266
Assessed improvement
$3,252,312
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Buildings
6
Stories
2
Units
24
Bathrooms
34
Total area
21,504 SF
Lot
1 ac (43,560 SF)
APN
432-32-6-2
UPID
US09-8249892
Jurisdiction
ALAMEDA
Metro division
OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$5.2M
MEDICAL BUILDING
Est. value
$5.7M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Stories
2
Buildings
6
Units
24
Bathrooms
34
Lot
1 ac
Current owner
From public records · entity-resolved
Rajneesh Salwan
Individual
Mailing address
37177 FREMONT BLVD STE #110, FREMONT, CA 94536-3609
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2016
$2,800,000
Rajneesh Salwan
Salwan Dharam P & V Trust
Grant Deed
related
—
Oct 20, 2015
—
Salwan,dharam & V Living Trust
Salwan D & V Living Trust
Quit Claim Deed
related
—
Jul 17, 2012
—
Dharam Salwan
Dharam Salwan
Intrafamily Transfer
related
$1,820,000 · Jpmorgan Chase Bank NA
Apr 26, 2006
—
Salwan Dharam & V Living Trust
Salwan,dharam P & Vijay
Quit Claim Deed
related
$2,000,000 · California Savings Bank
Feb 27, 2006
—
Dharam P Salwan
Salwan Sandeep & C Trust
Quit Claim Deed
related
—
Sep 19, 2003
—
Salwan,tr
Salwan,sandeep
Quit Claim Deed
related
—
Sep 11, 2003
—
Dharam P Salwan
Salwan,dharam P & Vijay
Quit Claim Deed
related
—
Aug 8, 2002
—
Sandeep Salwan
Salwan,cellu
Quit Claim Deed
related
—
Apr 11, 2002
—
Salwan Trust
Salwan,dharam P & Vijay
Quit Claim Deed
related
—
Jul 17, 1998
—
T-marie Devere
Devere,reese
Quit Claim Deed
related
—
Jul 17, 1998
$1,295,000
Salwan,dharam P & Vijay
Devere Trust
Trustees Deed
$971,250 · Washington Mutual Fsb
Feb 3, 1988
—
Richa Bowling JR
North
Quit Claim Deed
related
—
—
—
Dharam & Vijay Living Trust
—
Deed Of Trust
related
$1,720,000 · Jp Morgan Chase Bk
—
—
Dhram P Salwan
—
Deed Of Trust
related
$1,200,000 · Washington Mutual Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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