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Listed by Anton Lazarenko • eXp Realty of Northern California, Inc., DRE#02177813
$ 7,500,000
Est. payment | /mo
1.11 Acres Lot
$ 7,500,000
Est. payment | /mo
1.11 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82045670
Lot Size 1.107 Acres
Property Sub-Type Residential Development Land
Property Description
Rare development opportunity in the heart of Hayward's Mission Boulevard corridor. This 1.11-acre vacant land parcel comes with architectural plans already submitted to the City of Hayward for a dual-product residential development an exceptional head start for any developer or investor looking to move efficiently through the entitlement process in one of the Bay Area's most active housing markets. The submitted plans propose a total of 45 residential units across two distinct programs: 27 townhomes/condominiums on one portion of the site, and 18 apartment units on the other. This split-parcel strategy allows the developer to pursue both a for-sale exit on the townhomes and a stabilized rental income play on the apartments either as a hold or a cap-rate sale. Situated on Mission Blvd with strong visibility and access, the site benefits from proximity to the Hayward BART Station (~1 mile), I-880 (~0.5 mile), Highway 92, Downtown Hayward, and CSU East Bay. Bay Area rental vacancy remains below 4% and demand for for-sale product in the sub-$1M range continues to outpace supply, making this corridor a compelling target for infill residential development.
Location
State CA
County Alameda
Area Hayward
Zoning MB-T4-1-HEIGHT
Exterior
Fence Fenced, Fenced Back, Fenced Front
Utilities Available Other
Present Use Other
Building
Lot Description Other
Sewer Other
Water Other
Others
Tax ID 428-0006-058-01
Horse Property No
Special Listing Condition Not Applicable
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Kalani Stone
Agent | Lic# CalBRE: 01336392