Property Details
About this Property
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.
MLS Listing Information
MLS #
CC41115887
MLS Source
Contra Costa Association of Realtors
Days on Site
9
Interior Features
Flooring
Hardwood, Other
Laundry
Community Facility
Cooling
None
Heating
Baseboard
Exterior Features
Roof
Tar/Gravel
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Spaces per Unit - 1, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Zoning
MBCN
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 18 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 1 | 0/0 | $1,829 | – | – |
| 2 | – | 2 | 0/0 | $2,318 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
944 Walpert St is a Residential Income in Hayward, CA 94541. This 14,202 square foot property sits on a 0.62 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,500,000 and was built in 1967. This address can also be written as 944 Walpert St, Hayward, CA 94541.
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This listing information is up-to-date as of November 02, 2025. For the most current information, please contact Davide Pio, (510) 815-2000
