742 B St, Hayward, California 94541, Hayward, 94541 - 0 bed, 0 bath
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Hayward, California 94541
This historic 1897 Victorian triplex presents a High-Potential Investment Opportunity with a List Price of $1,399,000—positioned well above the $1,331,660 Fair Market Value. While priced at a premium, the property offers a unique Commercial/Restaurant Zoning and a Fair Condition Rating, providing a stable foundation for value-add renovations. Featuring a ground-floor restaurant, two large apartments, and a lush outdoor patio, this asset is perfectly situated for Buy-and-Hold Investors or Owner-Occupants seeking a high-visibility, transit-oriented landmark in downtown Hayward.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 742 B St Subject | $1,299,000* List Price | 0 | 0 | 4,200 | $309 | - |
A 484 484 B St Sold | $1,530,000 | 0 | 0 | 0 | 0.3 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.
Property is moderate renovation needed.
While the property is a well-maintained historic landmark, the last major restoration occurred between 2000 and 2003, making the renovations over 20 years old. The kitchen features dated tile countertops and older white appliances, and the systems likely date back to the 20-year-old restoration, placing it in the 'Fair' category as it is functional but dated.
This meticulously restored 1897 Victorian is a local landmark, offering unique historic grandeur and high-quality craftsmanship that sets it apart from standard commercial or residential properties.
Situated in the heart of downtown Hayward across from City Hall and just a 4-minute walk to BART, the property benefits from high visibility and effortless commuter access.
The mixed-use configuration includes a ground-floor restaurant with a lush patio and two large residential apartments, providing multiple income sources and versatile investment potential.
With over 230 days on the market, the property may face challenges regarding its current valuation or the specific niche requirements of a mixed-use buyer.
Operating a property with both commercial restaurant space and residential units involves complex zoning, maintenance, and tenant management compared to single-use investments.
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. Listed in MLS under commercial/business MLS#41111602
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,200 | 2,091.5 |
| Lot Size | 9,726 | 7,725 |
| Price | $1.30M | $1.04M |
| Price per sq ft | $309 | $477 |
| Built year | 2004 | 1919 |
| HOA | $0 | $0 |
| Days on market | 281 | 91 |
Jun 18, 2026
$1,299,000
$1,399,000
-7% Price Drop
Initial Listing
Oct 14, 2025
$1,399,000
Initial Listing
Apr 4, 2006
$335,000
Public Record