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944 Fletcher Ln
Hayward, CA 94541 Mission-Foothill

$4,325,000 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 5.93 %
  • Zoning MB-CN
50 Transit Score
50 Walk Score

Highlights

Capital Improvements: Roof (2025), electric subpanels (2025), SB 721 balcony clearance (2026), and most units updated to modern interiors.
Excellent Core Suburban Bay Area Location: Hayward/Castro Valley/Union City apartment market has experienced 21.23% cumulative rent growth over 10 yrs
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: $256,591 USD (2026)
Cap Rate: 5.93 %
Total Expenses: $170,247 USD

Amenities

  • Balcony
  • Laundry Facilities
  • Heating
  • Kitchen
  • Range

Public Transportation

Commuter RailDriveWalkDistance
6 min - 1.8 mi
5 min - 1.9 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