1641 B St, Hayward, California 94541, Hayward, - bed, bath
PENDING$499,000
1641 B St, Hayward, California 94541
2Beds
1Bath
928Sqft
10,000Lot
Year Built
1900
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41114164
Home ConditionTear down
Features
Good View:
View-
About this home
Opportunity for the experienced contractor, flipper or builder. Also, an incredible "sweat equity" opportunity for the right buyer. This home does not have a foundation. Look at the size of the LOT!!!! Tremendous value. Many buyers wouldn't dream of tearing down the house but instead would check with the City of Hayward and see if indeed it's possible to simply raise the house up, pour a foundation under the lifted home, and set it back down. This exact same thing was just done with a property on A Street (address available upon request).
Price History
Date
Event
Price
10/08/25
Listing
$499,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (88 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 25% |
| Baths | 1 | 2 | 31% |
| Square foot | 928 | 1,540 | 11% |
| Lot Size | 10,000 | 5,700 | 82% |
| Price | $499K | $850K | 1% |
| Price per square foot | $538 | $607 | 31% |
| Built year | 1900 | 1951 | 3% |
| HOA | |||
| Days on market | 28 | 148 | 2% |
Condition Rating
Tear down
The property, built in 1900, is explicitly stated to 'not have a foundation,' which is a critical structural deficiency rendering it unsafe and unlivable. The interior images show severe damage, including a collapsed ceiling and boarded-up windows, indicating extreme disrepair. While the listing suggests raising the house and adding a foundation, this is a major structural overhaul, effectively making the existing structure beyond practical repair for habitation. The property's value is clearly centered on the large lot and redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Generous Lot Size: The property boasts a substantial 10,000 sqft lot, offering significant potential for expansion, landscaping, or future development opportunities.
High Investment/Development Potential: Explicitly marketed as an opportunity for experienced contractors, flippers, or builders, indicating strong upside for value creation through renovation or redevelopment.
Proven Renovation Strategy: The listing highlights a successful precedent of raising a similar house and adding a foundation on a nearby street, suggesting a viable path for remediation.
Strategic Location: Located in Hayward, a desirable Bay Area city, providing access to employment hubs and potential for long-term property value appreciation.
Attractive Entry Price for Land Value: The list price of $499,000, considering the large lot size in the Hayward market, presents a compelling acquisition cost for a development-focused buyer.
Cons
Major Structural Deficiency: The most critical issue is the complete absence of a foundation, requiring immediate and extensive structural work which will be costly and complex.
Significant Renovation Costs & Complexity: Beyond the foundation, the 1900-built home will likely require comprehensive renovations, including updating all major systems, leading to substantial financial investment and project management.
Limited Buyer Pool: Due to the property's condition and the specialized work required, the market is restricted to experienced investors, contractors, or highly motivated 'sweat equity' buyers, potentially affecting resale speed.