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Listed by Davide Pio, DRE #01522969 • BCRE
$ 4,325,000
Est. payment /mo
New
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. Property Tour Schedule . Wednesday, June 3 from 11.30am - 1.30pm . Friday, June 5 from 2pm - 4pm . Call Broker for Private Showings
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 New, Not Applicable
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