24024 Park St., Hayward, California 94541, Hayward, 94541 - 7 bed, 3 bath
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24024 Park St.
Hayward, California 94541
ACTIVE
CONDITION: FAIR
7Beds
3Baths
2,484Sq Ft
9,324Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,170,861
6% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a fully occupied triplex listed at a List Price of $1,250,000, positioned above the $1,168,344 Fair Market Value. While the property requires cosmetic modernization due to its Condition Rating of 4, it offers immediate cash flow from long-term tenants. The 9,324 sqft lot and central Hayward location provide significant value-add potential for Buy-and-Hold Investors or Multifamily Developers seeking a stable, income-producing asset with proximity to major commuter routes and local amenities.
Estimated Market Value
$1,170,861
Based on Realkey algorithm analyzing recent comparable sales in Hayward.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1967, this property is over 50 years old but has received mid-life updates. The kitchen features granite countertops and cabinetry likely 15-25 years old, and the electrical system has been modernized with a newer breaker panel and smart meter. However, the interior finishes, window AC units, and overall aesthetic are dated and show wear from long-term tenancy, requiring minor repairs and cosmetic modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Rental Income
The property is a fully occupied triplex with long-term tenants, providing immediate cash flow and established rental history for investors from day one.
- Prime Central Location
Situated in central Hayward, the property offers excellent proximity to major commuter routes, public transportation, and local amenities, ensuring high tenant demand.
- Generous Lot Size
With a substantial 9,324 square foot lot, the property provides significant space and potential for future value-add opportunities or site improvements.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.
- Dated Construction
Built in 1967, the property may require capital expenditures for modernizing systems or cosmetic updates to maintain competitive market rents.
- Modest School Ratings
The assigned elementary and middle schools carry lower ratings, which could potentially limit the appeal to a broader range of long-term residential buyers.
About 24024 Park St.
INVESTMENT OPPORTUNITY | OCCUPIED TRIPLEX IN CENTRAL HAYWARD Rare opportunity to own a fully occupied triplex in a central Hayward location. All three units are currently occupied by long-term tenants who have established rental history. This provides an investor with the benefit of established tenancy and immediate rental income from day one. Ideally positioned in central Hayward, the property offers convenient access to everyday shopping, dining, transportation, employment centers, and major commuter routes throughout the East Bay. For investors seeking an income-producing multifamily property, this triplex offers an attractive combination. A compelling opportunity for investors looking to add an income-producing property to their portfolio.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1967
- Lot Size
- 9,324 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Hayward Unified Schools
Burbank Elementary School
Grades K-6 • 0.4 mi
5/10
Park Elementary School
Grades K-6 • 0.8 mi
3/10
Winton Middle School
Grades 7-8 • 0.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,484 | 1,445.564 |
| Lot Size | 9,324 | 5,648 |
| Price | $1.25M | $903.5K |
| Price per sq ft | $503 | $642 |
| Built year | 1967 | 1955 |
| HOA | $0 | $202 |
| Days on market | 44 | 43 |
Pricing History
Listed for Sale
Sep 10, 2026
$1,250,000
Initial Listing
Sold
Jul 15, 2004
$670,000
Public Record
Sold
Mar 6, 1998
$208,000
Public Record