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Listed by BCRE
$ 4,325,000
Est. payment | /mo
14,202 SqFt
$ 4,325,000
Est. payment | /mo
14,202 SqFt
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 $304
Subdivision Hayward
MLS Listing ID 41136438
HOA Y/N No
Year Built 1967
Lot Size 0.622 Acres
Property Sub-Type 5 or More Units
Source CONTRA COSTA
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
Interior
Heating Baseboard
Cooling None
Flooring Hardwood, Other
Fireplace No
Appliance Free-Standing Range, Refrigerator
Laundry Coin Operated, Common Area, Laundry Room
Exterior
View Bay, Hills
Building
Lot Description Corner Lot
Water Public
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