French Quarter Apartments — Sale in Hayward, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Hayward, CA 94541
Photos
Investment Figures
- Cap rate
- 5.58%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
The French Quarter Apartments is a highly remodeled 24-unit multifamily community in Hayward, California, featuring gated access, covered parking, EV charging stations, exquisite common areas, and a four-star ambiance. Built circa 1970, the property has benefited from substantial capital improvements, including extensive unit renovations with upgraded kitchens and bathrooms, quartz countertops, stainless steel appliances, refinished cabinetry, recessed lighting, vinyl plank flooring, dual-pane windows, walk-in closets, and modern interior finishes. Additional improvements include exterior stucco restoration, landscaping enhancements, a new fitness center, upgraded security systems, electrical infrastructure improvements, additional storage, SB721 compliance, seismic upgrades, and stairwell safety enhancements. With 16-remodeled units, 2-partially renovated units, and 6 vintage-style units, investors may unlock additional income potential in the strengthening East Bay rental market upon further turnover. The French Quarter offers a diverse unit mix, including 1-bedroom/1-bathroom, 2-bedroom/1-bathroom, 2-bedroom/1.5-bathroom, 2-bedroom/2-bathroom, and 3-bedroom/2-bathroom floor plans. Select units also feature private balconies, providing added appeal and comfort for residents. Investment Highlights: • Secure gated community with covered gated parking and upgraded security camera system. • Unit mix of one, two, and three-bedroom units. • Laundry, EV charging, fitness center, BBQ grills, fire pit, additional storage, and outdoor courtyard. • Strategically positioned near major employment centers. • Separately metered for PG&E & Gas.
Market Context
This multifamily in Hayward, CA is listed for sale. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Hayward, CA — view the full market.
Contact
- Jon Holmquist · (415) 625-2117 · jon.holmquist@marcusmillichap.com
- John Garrett · (415) 625-2131 · john.garrett@marcusmillichap.com
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