742 B St, Hayward, California 94541, Hayward, 94541 - 0 bed, 0 bath
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742 B St
Hayward, California 94541
ACTIVE
CONDITION: FAIR
0Beds
0Baths
4,200Sq Ft
9,726Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,396,213
6% BelowMARKET VALUE
SUMMARY
This triplex presents a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,392,982 Fair Market Value by 6%. This valuation gap offers $93,982 in Instant Equity. Featuring a Fair Condition Rating (2004 renovation), the property offers Mixed-Use Zoning and a 9,726 sqft lot with ADU potential. Its prime location near BART and City Hall ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset.
Estimated Market Value
$1,396,213+$97,213 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Hayward.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 742 B St Subject | $1,299,000* List Price | 0 | 0 | 4,200 | $332 | - |
A 752 Blossom Way Sold | $1,138,800 | 0 | 0 | 3,325 | $342 | 1.0 mi |
B 1124 Rex Road Active | $1,350,000 List Price | 0 | 0 | 4,188 | $322 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Although the property is exceptionally well-maintained for an 1897 Victorian, the most recent major renovation occurred in 2004 (22 years ago). The kitchen features dated tile countertops and white appliances, and while functional and move-in ready, the systems and finishes are over the 20-year threshold, requiring modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Mixed-Use Potential
The property features a unique combination of two residential apartments and a ground-floor commercial space, offering diverse income streams and flexible usage options like live/work, office, or a bed and breakfast.
- Prime Transit-Oriented Location
Situated directly across from City Hall and just a four-minute walk to BART, the property benefits from high visibility and exceptional accessibility for both residents and commercial patrons.
- Significant Development Upside
The expansive 9,726-square-foot lot provides ample space for the potential addition of an Accessory Dwelling Unit (ADU), offering a clear path to increasing the property's total value and rental yield.
CONSRISKS & DEFICIENCIES
- High Maintenance Requirements
As a Victorian structure built in 1897, the property likely requires specialized and ongoing maintenance to preserve its character and ensure structural integrity compared to modern builds.
- Operational Complexity
Managing a mixed-use triplex with a specialized restaurant space requires navigating specific zoning regulations and finding niche commercial tenants, which may lead to higher management overhead.
About 742 B St
RARE OFFERING!!! Fabulous 3 story Victorian home built in 1897. Two apartments (2nd and 3rd levels) and a commercial/business unit on the ground floor!!! Per the City of Hayward's Downtown Development Code, allowed uses MAY include home occupation, bed and breakfast, live/work, residential, and possibly offices!!! Currently it is set up as a fully equipped restaurant, and the City has stated they will most likely grandfather it in for continued use as a restaurant, if that’s what you’re looking for! Previously, "Neumanali's Restaurant," recognized as one of Hayward's best fine dining boutique restaurants, operated here from 2004 thru 10/31/2026, when owners retired. Interior seats 30-35 people, and the lush fenced-in outdoor patio/garden area in back seats another 30-40 people. Loaded with ambiance and charm. See photos to appreciate! Located directly across from City Hall! City parking structure is only 200 steps away!!! See photos to appreciate! Large lot may be perfect for an ADU in back. BART is a fast 4 minute walk away!!! Same as Hayward’s downtown area. Termite, roof, general property inspections in “associated docs” and available for you. 742 Sits on a sustainable mixed-use district and residential is approved. Not a designated historic structure. Listed in MLS under commercial/business MLS#41111602
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 2004
- Lot Size
- 9,726 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,200 | 2,073.4 |
| Lot Size | 9,726 | 8,250 |
| Price | $1.30M | $940.6K |
| Price per sq ft | $309 | $474 |
| Built year | 2004 | 1938 |
| HOA | $0 | $0 |
| Days on market | 36 | 83 |
Pricing History
Listed for Sale
Aug 4, 2026
$1,299,000
Initial Listing
Sold
Apr 4, 2006
$335,000
Public Record