31
See all 31 photos
$4,500,000
Est. payment /mo
14,202 SqFt
Active
944 Walpert St Hayward, CA 94541
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Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 14,202 sqft
Price per Sqft $316
Subdivision Hayward
MLS Listing ID 41115887
HOA Y/N No
Year Built 1967
Lot Size 0.622 Acres
Acres 0.62
Property Sub-Type 5 or More Units
Property Description
Cap Rate - 5.74% (Current) | GRM – 9.82 (Current) Cap Rate – 6.28% (Proforma) | GRM – 9.29 (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), and most units have been updated to modern open kitchens with stone countertops. Additionally, some 1st floor units have backyards, while others on floors 2 and 3 have balconies. Those units with a west-facing view enjoy beautiful views stretching all the way to the bay. 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
Zoning MBCN
Rooms
Basement None
Interior
Interior Features Elevator, Storage
Heating Baseboard
Cooling None
Flooring Hardwood, Other
Fireplace No
Appliance Free-Standing Range, Refrigerator
Laundry Coin Operated, Common Area, Laundry Room
Exterior
View Y/N true
View Bay, Hills
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 44519
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Listed by Davide Pio • BCRE
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