22234 Prospect St, Hayward, California 94541, Hayward, 94541 - bed, bath
ACTIVE$888,000
22234 Prospect St, Hayward, California 94541
0Bed
0Bath
Sqft
5,000Lot
Year Built
1930
Close
-
List price
$888K
Original List price
$899K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41107917
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $888.0K(29th), sqft - 0(50th), beds - undefined(50th), baths - undefined(50th).
Live in the three bedroom and two bathroom unit and get rental income from two additional units. Rental income was $4600 per month from the two units. Previously rented. Sale of property includes APPROVED plans for an 800 sqft ADU which is ready for construction. Property is walking distance from Downtown Hayward and close to BART and shopping. Home has great potential for extension.
Nearby schools
2/10
Strobridge Elementary School
Public,•K-6•0.8mi
3/10
Bret Harte Middle School
Public,•7-8•0.6mi
5/10
Hayward High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
09/28/25
Price Change
$888,000-1.2%
08/12/25
Listing
$899,000
Condition Rating
Fair
Built in 1930, this property shows its age with dated finishes and fixtures throughout. The kitchen features older, basic wood cabinets and appears to be from a renovation 15-30 years ago, requiring a full modernization. Light fixtures are significantly outdated, and the hardwood floors show considerable wear, needing refinishing. While functional and currently rented, the property requires substantial cosmetic updates and likely system upgrades (e.g., lack of central AC) to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Strong Income Potential: This triplex offers significant rental income of $4600/month from two units, providing substantial cash flow for an owner-occupant or investor.
Value-Add with Approved ADU: The sale includes approved plans for an 800 sqft ADU, presenting a ready-to-build opportunity to immediately increase property value and rental income without permitting delays.
Excellent Walkable Location: Situated within walking distance to Downtown Hayward, BART, and shopping, offering superb convenience and high tenant demand due to accessibility.
Future Expansion Opportunities: Beyond the approved ADU, the property description highlights 'great potential for extension,' suggesting further development or customization possibilities to enhance value.
Diversified Investment: As a residential income triplex, it offers a diversified investment strategy with multiple income streams, reducing risk compared to single-unit properties.
Cons
Advanced Age of Property: Built in 1930, the property is nearly a century old, potentially requiring significant capital expenditures for system upgrades, maintenance, and modernization.
Recent Price Adjustment: A recent price reduction from $899,000 to $888,000 may suggest initial overpricing or a longer market presence, potentially indicating buyer resistance.
Low-Rated Local Schools: The elementary and middle schools in the immediate vicinity have low ratings (2 and 3 respectively), which could be a deterrent for family-oriented buyers and impact long-term appreciation.