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Property profile & analytics
FOR SALE
Apartment buildings
771 Memorial Way Hayward, CA 94541
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-8803181
For Sale
1 / 13
$2,200,000
771 Memorial Way, Hayward, CA 94541
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Construction
WOOD
Total area
4,800 SF
Lot
0.23 ac (10,100 SF)
APN
432-28-129-1
UPID
US09-8803181
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
$2.14M
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$2.18M
Owner & transaction history
Nan Lin Chun · 4 yrs held
Nan Lin Chun
since 2022
Last sale
$2.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+76.3%
Auto repair, garage
$1.8M
+53.4%
Commercial (general)
$1.4M
+17.3%
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
$2,430,000
ML approach
$2,140,000
CAP Approach
CAP Return
Estimation
6%
$1,550,000
6.5%
$1,430,000
7%
$1,330,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,040,000
Change: +76% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,775,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,355,000
Change: +17% · Conversion: Moderate
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10% · vs last sale $2.35M (Jan 31 2022)
Last sale anchor
$2.35M
Jan 31 2022
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
$453 / 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
$32,479
Tax year 2023
Assessed value
$2,438,697
Assessed 2024
Previous assessed
$2,390,880
+2.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$749,088
Assessed improvement
$1,689,609
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
For Sale
Year built
1962
Construction
WOOD
Heating
NONE
Buildings
1
Stories
2
Units
8
Rooms
28
Bathrooms
8
Total area
4,800 SF
Lot
0.23 ac (10,100 SF)
APN
432-28-129-1
UPID
US09-8803181
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1962
Construction
WOOD
Heating
NONE
Stories
2
Buildings
1
Units
8
Rooms
28
Bathrooms
8
Lot
0.23 ac
Current owner
From public records · entity-resolved
Nan Lin Chun
Individual
Mailing address
39851 SAN MORENO CT, FREMONT, CA 94539-3613
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2022
$2,350,000
Nan Lin Chun
Oleg Gurtovoy
Grant Deed
$1,650,000 · Bay Commercial Bank
Apr 19, 2006
—
Gurtovoy Oleg & Izabella Trust
Gurtovoy,oleg & Izabella
Quit Claim Deed
related
—
Oct 4, 2005
$1,055,000
Oleg Gurtovoy
Pamfiloff,glenn B & Sheila M
Grant Deed
—
Dec 23, 1976
—
Glenn B Pamfiloff
—
Grant Deed
related
—
—
—
Gurtovoy Oleg Of Izabella Trust
—
Deed Of Trust
related
$450,000 · Fremont Bank
—
—
Gurtovoy Oleg & Izabella Trust
—
Deed Of Trust
related
$500,000 · Fremont Bank
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?”
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