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Listed by Davide Pio, DRE #01522969 • BCRE
$ 4,325,000
Est. payment /mo
Active
944 Walpert St Hayward, CA 94541
3 Beds
2 Baths
14,202 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,202 sqft
Price per Sqft $304
MLS Listing ID CC41136438
Bedrooms 3
Year Built 1967
Lot Size 0.622 Acres
Property Sub-Type Five or More Units
Source Contra Costa Association of Realtors
Property Description
Cap Rate - 5.93% (Current) | GRM - 9.64 (Current) Cap Rate - 6.95% (Proforma) | GRM - 8.81 (Proforma) 944 Fletcher Ln, in the Hayward foothills [alt addrs: 944 Walpert St multifamily asset features eighteen (18), of which nine are 1 bed / 1 bath units, and the remaining nine are 2 beds / 1 bath. The property has been well-maintained and upgraded over the years. Improvements include a new roof and electric panels (2025), SB 721 balcony clearance (2026), and most units have been updated to modern open kitchens with stone countertops. A total of 18 covered parking spaces and 8 additional uncovered spaces are rented for a fee. The elevator serves all 3 floors and a laundry room on two floors. The property allows for a turn-key investment with upside in one of Hayward foothills. Located in the Mission / Foothills neighborhood, the property is under one (1) mile from vibrant downtown Hayward + Hayward Bart station, and 1.5 miles from CSU East Bay. A short drive provides quick access to Highway 580 / 238 interchange or the 880 / 92 freeway, allowing easy connections to San Francisco, Silicon Valley, and the peninsula.
Location
State CA
County Alameda
Area Hayward
Zoning MBCN
Interior
Heating Baseboard
Cooling None
Flooring Other, Hardwood
Laundry In Laundry Room, Laundry Facility - Coin-Op, Community Facility
Exterior
Exterior Feature Stucco
Parking Features Assigned Spaces, Spaces per Unit - 1
Garage Spaces 26.0
View Bay, Hills
Roof Type Tar and Gravel
Others
Tax ID 445-1-9
Special Listing Condition Not Applicable
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