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French Quarter Apartment 23914 2nd St 24 Unit Apartment Building $12,158,300 CAD ($506,596 CAD/Unit) Hayward, CA 94541
Investment Highlights
- Secure gated community with covered gated parking and upgraded security camera system.
- Laundry, EV charging, fitness center, BBQ grills, fire pit, additional storage, and outdoor courtyard.
- Separately metered for PG&E & Gas.
- Unit mix of one, two, and three-bedroom units.
- Strategically positioned near major employment centers.
Executive Summary
CONTACT JON HOLMQUIST AT 415-625-2117 FOR THE FULL OFFERING MEMORANDUM.!!
Property Tours:
1st Tour-Tuesday Sept. 1st, 2026 12:00 noon to 1:00 pm
2nd Tour-Thursday Sept. 3rd, 2026 10:30 am- 11:30 am.
Email or Call Jon Holmquist / 415-625-2117 direct to RSVP.
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.
Property Tours:
1st Tour-Tuesday Sept. 1st, 2026 12:00 noon to 1:00 pm
2nd Tour-Thursday Sept. 3rd, 2026 10:30 am- 11:30 am.
Email or Call Jon Holmquist / 415-625-2117 direct to RSVP.
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.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$747,605
|
$28.05
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $747,605 |
| Annual Per SF | $28.05 |
Property Facts
| Price | $12,158,300 CAD | Building Class | B |
| Price Per Unit | $506,596 CAD | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 26,654 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $12,158,300 CAD |
| Price Per Unit | $506,596 CAD |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 26,654 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Parking Ratio | 1.2/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Deck
- Patio
Site Amenities
- Courtyard
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Gated
- Grill
- Storage Space
- Car Charging Station
- Elevator
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 426-0200-009-01 | Improvements Assessment | $3,483,058 CAD |
| Land Assessment | $1,511,351 CAD | Total Assessment | $5,010,510 CAD |
Property Taxes
Parcel Number
426-0200-009-01
Land Assessment
$1,511,351 CAD
Improvements Assessment
$3,483,058 CAD
Total Assessment
$5,010,510 CAD
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French Quarter Apartment | 23914 2nd St
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