18 Unit in Hayward’s Foothill Neighborhood
18 Unit in Hayward’s Foothill Neighborhood
Marketing description
Cap Rate - 5.93% (Current)
GRM – 9.64 (Current)
Cap Rate – 6.95% (Proforma)
GRM – 8.81 (Proforma)
Davide F. Pio proudly presents 944 Fletcher Ln, in the Hayward foothills [alt addrs: 944 Walpert St]. The 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.
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.
Property Tour Schedule
- Wednesday, June 3 from 11.30am – 1.30pm
- Friday, June 5 from 2pm – 4pm
- Call Broker for Private Showings
Investment highlights
Capital Improvements - Owner has made major capital improvements including a new roof (2025), new electric panels throughout (2025), and most units have been highly updated to modern interiors.
Excellent Core Suburban Bay Area Location - The Hayward/Castro Valley/Union City apartment market has experienced 21.23% cumulative rent growth over the last 10 years, with another 4.66% projected in the next 3 years*.
Proximity to Play + Transit - Within one (1) mile is bustling downtown Hayward, CSU East Bay, Hayward Bart, and freeway access to major thoroughfares for quick access to major job hubs.
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