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22490 Bayview Ave, Hayward, California 94541, Hayward, 94541 - 5 bed, 3 bath

22490 Bayview Ave, Hayward, California 94541 home-pic-0
ACTIVE$1,200,000
22490 Bayview Ave, Hayward, California 94541
5Beds
3Baths
2,376Sqft
26,780Lot
Year Built
1904
Close
-
List price
$1.2M
Original List price
$1.5M
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
41109020
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(91th), sqft - 2376(92th), beds - 5(92th), baths - 3(65th).

Seize a rare opportunity to own a 0.65-acre lot in the heart of the Bay Area, zoned for residential development and perfect for investors or developers. This expansive parcel offers endless possibilities: create your own private mini-compound with ample space for a custom home, guest house, and outdoor amenities, or subdivide the lot to build a modern neighborhood of stylish residences. Conveniently located near downtown Castro Valley, Fairview, and major freeways, this property combines urban accessibility with the potential for a bespoke residential project. Don’t miss this unique chance to develop a prime piece of land in a highly sought-after area.

Price History

Date
Event
Price
10/19/25
Price Change
$1,200,000-19.9%
08/21/25
Listing
$1,498,888
Condition Rating
Tear down
The property was built in 1904, making it over 100 years old. The MLS description emphasizes the value of the 0.65-acre lot for residential development, implying the existing structure is not the primary asset. Images reveal a severely dilapidated exterior with weathered siding, an unkempt yard, and general neglect. The single interior image (laundry room) shows outdated appliances, old cabinetry, and poor wall conditions. There is no evidence of any significant renovations in recent decades. The structure appears beyond repair, and its value is based solely on the land for redevelopment.
Pros & Cons

Pros

Significant Development Potential: The 0.65-acre lot is zoned for residential development, offering rare opportunities for subdividing into multiple residences or creating a custom mini-compound.
Expansive Lot Size: A substantial 26,780 sqft (0.65-acre) parcel provides ample space for ambitious residential projects, a significant advantage in the Bay Area.
Strategic Bay Area Location: Conveniently located near downtown Castro Valley, Fairview, and major freeways, ensuring excellent urban accessibility and desirability for future residents.
High Investment Value: Explicitly marketed as a prime opportunity for investors and developers, indicating strong potential for capital appreciation through development.
Versatile Usage Options: The property offers flexibility for various buyer types, from those seeking to build a large private estate to developers looking to create a modern neighborhood.

Cons

Age of Existing Structure: The 1904-built house likely requires extensive renovation if kept, or demolition, adding significant upfront costs and complexity to any development plan.
High Upfront Development Costs: Beyond the purchase price, substantial additional investment will be required for planning, permits, infrastructure, and construction, making it a capital-intensive project.
Development Complexity & Time: Undertaking a subdivision or new construction project involves navigating complex regulations, securing permits, and managing potentially lengthy timelines, which can be a barrier for some buyers.

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