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Casa Bret Harte Apartments 1049 Armstrong St 17 Unit Apartment Building $4,750,000 ($279,412/Unit) 5.81% Cap Rate Hayward, CA 94541
Investment Highlights
- Plentiful Parking
- Downtown Location
- Large Units
Executive Summary
Casa Bret Harte presents an attractive 17-unit multifamily investment opportunity in Hayward. The property features fifteen spacious 2-bedroom/1.5-bath units and two 1-bedroom/1-bath units, private decks, 24 on-site parking spaces, an elevator, and a coin-operated laundry facility. Significant capital improvements have been completed recently, enhancing the property and reducing near-term capital needs. Currently 15 units are occupied, with two vacant units offering immediate leasing potential. Approximately 18,650 square feet of building area, together with meaningful rental upside, provides an opportunity to increase income while acquiring a substantial East Bay apartment asset. 5.81% Cap rate/11.75 GRM on current rents, over 8% cap rate/9.29 GRM on market rents. Rent roll, profit and loss, and other financials in disclosure link.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $279,412 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.81% | Building Size | 18,710 SF |
| Gross Rent Multiplier | 11.75 | No. Stories | 3 |
| No. Units | 17 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $4,750,000 |
| Price Per Unit | $279,412 |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 11.75 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 18,710 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 1.28/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Recycling
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,740 | 661 |
| 2+1.5 | 15 | $1,977 | 951 |
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Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 427-0001-038-00 | Total Assessment | $640,161 (2025) |
| Land Assessment | $190,013 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $450,148 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
427-0001-038-00
Land Assessment
$190,013 (2025)
Improvements Assessment
$450,148 (2025)
Total Assessment
$640,161 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Casa Bret Harte Apartments | 1049 Armstrong St