The Majestic

The Majestic is an 81-unit Low-Income Housing Tax Credit family community at 959 Torrano Avenue in the Mission-Foothill neighborhood of Hayward, California. The property consists of two three-story garden buildings on 2.25 acres. It was built in 1963 and substantially rehabilitated with 4% tax credits in 2008. All units are one- and two-bedroom apartments restricted at 50% or 60% of Area Median Income, and the property is fully exempt from property tax.

The initial 15-year compliance period ended in 2023, so the property is eligible for resyndication. In-place rents are below maximum LIHTC rents for Alameda County. The property is less than a mile from Downtown Hayward and a block from Mission Boulevard (CA-238), with easy access to Fremont, Oakland, and the rest of the Bay Area.