944 Walpert St, Hayward, CA 94541

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.

Listing Status:

Active

Date Added:

October 26, 2025 at 05:00AM

Listing Office:

BCRE : 510-222-0900

Listing Agent:

Davide Pio : 510-815-2000

MLS ID:

41115887

Interior

• A/C: None
• Heating: Baseboard

Exterior

• Parking: Parking spaces: 26

Construction

• Roofing: Tar/Gravel
• General: Stucco

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CCBE
• County: Alameda

Lot

• Zoning: MBCN44519
• View: BayHillsView

Financial

• Source: CRMLS_CCBE

This listing courtesy of Davide Pio, BCRE