323 Medford Avenue, Hayward, California 94541, Hayward, 94541 - 4 bed, 3 bath
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323 Medford Avenue
Hayward, California 94541
ACTIVE
CONDITION: TEAR DOWN
4Beds
3Baths
2,554Sq Ft
37,784Lot Size
Property Price
LIST PRICE$1,995,000
SUMMARY
Large lot with 3 homes, 6 beds 4 baths, all three units are occupied with long term tenants, rents are low compared to the market, approved for 6 homes with ADU1200sf plus. Please drive by only and do not talk to any tenants.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The structures were built in 1957 (67 years old) with no evidence of significant renovations. The listing is marketed primarily for its land value and development potential, specifically mentioning approval for 6 new homes, which indicates the current units are likely at the end of their functional life.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37784, living area = 2554.
- Significant Development Potential
The property is already approved for a high-density project of 6 homes plus ADUs of 1,200+ sqft, offering massive value-add potential for developers.
- Expansive Lot Size
At 37,784 square feet, this oversized lot provides a rare scale for the Hayward area, accommodating substantial residential expansion or redevelopment.
CONSRISKS & DEFICIENCIES
- Below-Market Rents
Current rental income is noted as being significantly below market rates, which may impact short-term yields and initial investment valuations.
- Tenant Occupancy Challenges
The presence of long-term tenants combined with restricted 'drive-by only' access suggests potential complexities in transitioning the property for development.
About 323 Medford Avenue
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 37,784 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Hayward Unified Schools
Colonial Acres Elementary School
Grades K-5 • 0.5 mi
2/10
Cherryland Elementary School
Grades K-6 • 0.6 mi
2/10
Burbank Elementary School
Grades K-6 • 1.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,554 | 1,445.564 |
| Lot Size | 37,784 | 5,648 |
| Price | $2.00M | $903.5K |
| Price per sq ft | $781 | $642 |
| Built year | 1957 | 1955 |
| HOA | $0 | $202 |
| Days on market | 11 | 43 |
Pricing History
Listed for Sale
Oct 13, 2026
$1,995,000
Initial Listing
Sold
Jul 24, 2015
$950,000
Public Record
Sold
May 29, 2002
$675,000
Public Record