About 944 Walpert St
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.
Features of 944 Walpert St
| MLS® # | 41136438 |
|---|---|
| Price | $4,325,000 |
| Square Footage | 14,202 |
| Acres | 0.62 |
| Year Built | 1967 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 944 Walpert St |
|---|---|
| Subdivision | HAYWARD |
| City | Hayward |
| County | Alameda |
| State | CA |
| Zip Code | 94541 |
Amenities
| Parking Spaces | 26 |
|---|---|
| Parking | Covered, Assigned, Space Per Unit - 1, Uncovered Parking Space |
| View | Bay, Hills |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Elevator, Storage |
|---|---|
| Appliances | Free-Standing Range, Refrigerator |
| Heating | Baseboard |
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | May 29th, 2026 |
|---|---|
| Zoning | MBCN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Davide Pio |
|---|---|
| Office | BCRE |