944 Walpert StHayward, CA 94541

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 Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1967

Living area

14,202 Sq Ft

Lot size

0.62 acres

Parking spaces

26

Zoning

MBCN

Days on market

128

MLS^® Listing#

41136438

Property Features

Interior

Elevator · Storage

Appliances

Range · Free-Standing Range · Refrigerator

Cooling

None

Heating

Baseboard

Flooring

Hardwood · Other

Basement

None

Parking

Covered · Assigned

Laundry

Common Area · Laundry Room

Lot features

Corner Lot

Construction

Stucco

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

44519