Arbor Apartments 22032 Arbor Ave 18 Unit Apartment Building $5,850,000 ($325,000/Unit) 6.27% Cap Rate Hayward, CA 94541

This exceptionally maintained, five-building multifamily property offers the rare combination of tenant comfort, long-term stability, and outstanding growth potential — all in the heart of Hayward, one of the Bay Area’s most dynamic rental markets.
Comprising 18 spacious units—a balanced mix of (6) three-bedroom townhomes, (6) two-bedroom townhomes, and (6) two-bedroom flats—this property captures a wide tenant base seeking quality housing in a thriving community. The flat units each offer private outdoor space, while the townhouse units feature private garages, decks, and backyards — providing the kind of livability today’s renters crave.
22032 Arbor Avenue sits on a generous 40,250-square-foot lot, offering nearly 16,000 square feet of living area. Each unit is separately metered for gas and electricity, and the property is fully SB721 compliant, exempt from Hayward’s New Tenant Relocation Ordinance, and RUBS-ready for streamlined utility billing. Investors can also tap into additional upside through garage conversions (SB1211), potential condo conversion, or even ADU development across approximately 24,260 square feet of open space — subject to city approval.
With a projected 12% rental upside, this asset delivers both immediate and long-term performance potential. Add in coin-operated laundry income, low-maintenance construction, and a prime location surrounded by major employers like Tesla, Costco, Walmart, Kaiser Permanente, and FedEx, and you have an investment positioned for strength and sustainability in any market cycle.
22032 Arbor Avenue isn’t just another multifamily property — it’s a high-performing, value-rich asset in one of the most resilient markets in Northern California.