944 Walpert St, Hayward, CA 94541

• 14,202 sqft

Property 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.

Listing Status:

Active

Date Added:

May 29, 2026

Data Last Updated:

July 5, 2026 at 5:09PM

Listing Office:

BCRE : 510-222-0900

Listing Agent:

Davide Pio : 510-815-2000

MLS ID:

41136438

Interior

• General: ElevatorStorage
• Appliances: Free-Standing RangeRefrigerator
• Laundry: Coin OperatedCommon AreaLaundry Room
• Basement: None
• Flooring: HardwoodOther
• A/C: None
• Heating: Baseboard

Exterior

• Parking: CoveredAssignedSpace Per Unit - 1Uncovered Parking SpaceParking spaces: 26

Construction

• General: Stucco

Location

• County: Alameda

Lot

• Zoning: MBCN44519
• View: BayHillsView

Utilities

• Water: Public
• Sewer: Public Sewer