Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,000,000
Apartment buildings
22189 Gdn Ave Hayward, CA 94541-6053
Entity Owned
~
Est. High Equity
Property ID
US09-8249787
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1963
Construction
WOOD
Total area
19,710 SF
Lot
1 ac (43,560 SF)
APN
432-32-7-2
UPID
US09-8249787
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
Current use
Occupant on record · Public records
-
The Townhomes of Casa De Luna Townhouse Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.47M
CAP Approach
CAP
$5.88M
Comparable Approach
Comparable
$6.66M
Blend (final)
Blend
$7.00M
Owner & transaction history
Wsb Morse LLC
Wsb Morse LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.7M
+104.0%
Neighborhood: shopping center
$8.4M
+76.3%
Auto repair, garage
$7.3M
+53.4%
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
$8,465,000
CAP Approach
CAP Return
Estimation
6%
$6,370,000
6.5%
$5,880,000
7%
$5,460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,750,000
Current use
RESTAURANT
$9,690,000
Change: +104% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,375,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,290,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,575,000
Change: +17% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$5,355,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$5,335,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$5,255,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$7.00M
Range $6.30M – $7.70M · ±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
$355 / 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
$109,492
Tax year 2023
Assessed value
$8,410,607
Assessed 2024
Previous assessed
$8,244,805
+2.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,546,880
Assessed improvement
$5,863,727
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
1963
Construction
WOOD
Heating
NONE
Buildings
2
Stories
2
Units
24
Bathrooms
24
Total area
19,710 SF
Lot
1 ac (43,560 SF)
APN
432-32-7-2
UPID
US09-8249787
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
$4.8M
RESTAURANT
Est. value
$9.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.3M
COMMERCIAL (GENERAL)
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.3M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
RETAIL STORES
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
1963
Construction
WOOD
Heating
NONE
Stories
2
Buildings
2
Units
24
Bathrooms
24
Lot
1 ac
Current owner
From public records · entity-resolved
Wsb Morse LLC
Entity
Mailing address
558 BREWSTER AVE STE #102, REDWOOD CITY, CA 94063-1684
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2025
—
Wsb Morse LLC
875 Woodside LLC
Grant Deed
—
Feb 26, 2025
—
875 Woodside LLC
Wsb Morse LLC
Grant Deed
—
Jun 21, 2023
—
875 Woodside LLC
—
Deed
related
$4,300,000 · Lake 1925 LP
May 28, 2021
$15,850,000
875 Woodside LLC
Dimond Property LP
Grant Deed
$11,095,000 · Homestreet Bank
Mar 15, 2012
$3,910,000
Dimond Property LP
Cellu Dhawan
Grant Deed
$2,737,000 · Luther Burbank Savings
Aug 1, 2006
—
Cellu Salwan
Salwan S & C Living Trust
Quit Claim Deed
related
—
Sep 16, 2003
—
Salwan,tr
Salwan,tr
Quit Claim Deed
related
—
Nov 15, 2000
—
Salwan Trust
Salwan,dharam P & Vijay
Quit Claim Deed
related
—
Feb 17, 2000
$2,950,000
Dharam Salwan
Evilsizor,kenneth A
Grant Deed
$2,212,000 · Fremont Bank
Feb 29, 1984
$410,000
Web Service Co INC
—
Grant Deed
related
—
—
—
Salwan Trust
—
Deed Of Trust
related
$2,405,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22189 Gdn Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
