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944 Fletcher Ln
Hayward, CA 94541 Mission-Foothill

$4,500,000 USD

Apartments For Sale  •  14,202 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,202 SF
  • Lot Size 0.62 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 5.74 %
  • Zoning MB-CN
61 Transit Score
70 Walk Score

Highlights

Capital Improvements - New roof (2025), new electric panels throughout (2025), and most units have been highly updated to modern interiors.
Excellent Core Suburban Bay Area Location - 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 1.5 miles is bustling downtown Hayward, CSU East Bay, Hayward Bart, and freeway access to major thoroughfares.

Financial Summary (Actual)

Net Operating Income: $258,506 USD (2025)
Cap Rate: 5.74 %
Total Expenses: $184,117 USD

Amenities

  • Balcony
  • Laundry Facilities
  • Heating
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
6 min - 1.8 mi
6 min - 1.8 mi
Transit/SubwayDriveWalkDistance
Hayward Station (Fremont - Daly City - Bay Area Rapid Transit (BART), Fremont - Richmond - Bay Area Rapid Transit (BART)) 3 min 15 min 0.8 mi
AirportDriveWalkDistance
Metro Oakland International 18 min - 11.0 mi
San Francisco International 31 min - 23.1 mi
Norman Y Mineta San Jose International 36 min - 27.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Davide Pio, CCIM 510-815-2000 BCRE
Davide Pio, CCIM 510-815-2000 BCRE