21659 Mission Boulevard, Hayward, CA 94541
- $7,500,000
- List Price
- $7,500,000
- Status
- ACTIVE
- MLS#
- ML82045670
- Lot Size
- 48,207
- Acres
- 1.11
- Days on Market
- 137
- Property Type
- 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.
/u.realgeeks.media/livingbythefoothills/Gil_s_Photo_-_Right_Facing-removebg-preview.png)
Additional Information
- Sewer
- Other
- Water
- Other
- School District
- Other
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Anton Lazarenko (anton.lazarenko@gmail.com) from Listing Office: eXp Realty of Northern California, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.