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.
Details
| MLS # | 41136438 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1967 |
| Days On Site | 111 |
| Listing Provided By | BCRE | Davide Pio |
Features
| Units | 18 |
|---|---|
| Zoning | MBCN |
| Acreage | 0.62 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Tar Gravel |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Corner Lot |
Taxes
| Property | 52789 |
|---|
Area Information
| State | CA |
|---|---|
| County | Alameda |
| City | Hayward |
| Zip Code | 94541 |
| Community Name | HAYWARD |
| Listing VS Median (in HAYWARD) | |
Price: $4,325,000 low | high Med: $698,975 On site: 111 low | high Med: 16.5 | |
Market Activity 94541
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Hayward |
| Zip Code | 94541 |
| Community Name | HAYWARD |
| Listing VS Median (in HAYWARD) | |
Price: $4,325,000 low | high Med: $698,975 On site: 111 low | high Med: 16.5 | |
