22234 Prospect St, Hayward, California 94541, Hayward, - bed, bath
ACTIVE$888,000
22234 Prospect St, Hayward, California 94541
0Bed
0Bath
Sqft
5,000Lot
Year Built
1930
Close
-
List price
$888K
Original List price
$899K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41107917
Home ConditionPoor
Features
View-
About this home
Live in the three bedroom and two bathroom unit and get rental income from two additional units. Rental income was $4600 per month from the two units. Previously rented. Sale of property includes APPROVED plans for an 800 sqft ADU which is ready for construction. Property is walking distance from Downtown Hayward and close to BART and shopping. Home has great potential for extension.
Nearby schools
2/10
Strobridge Elementary School
Public,•K-6•0.8mi
3/10
Bret Harte Middle School
Public,•7-8•0.6mi
5/10
Hayward High School
Public,•9-12•1.0mi
Price History
Date
Event
Price
09/28/25
Price Change
$888,000-1.2%
08/12/25
Listing
$899,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (8 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 0 | 0 | |
| Lot Size | 5,000 | 5,800 | 11% |
| Price | $888K | $1.2M | 33% |
| Price per square foot | $0 | $0 | |
| Built year | 1930 | 1963 | 11% |
| HOA | |||
| Days on market | 85 | 150 | 22% |
Condition Rating
Poor
Built in 1930, this property is significantly aged. The kitchen is extremely dated with old cabinets, countertops, and a window AC unit, requiring substantial rehabilitation. While the property is currently livable and income-generating, the interior, particularly the kitchen and bathrooms, is far from modern and would necessitate a major overhaul to meet contemporary standards. The overall condition points to a need for significant investment beyond minor updates.
Pros & Cons
Pros
Significant Income Potential: As a triplex, the property offers substantial rental income, with two units previously generating $4600 per month, providing strong cash flow for investors or owner-occupants.
Approved ADU Plans Included: The sale includes approved plans for an 800 sqft ADU, ready for construction, which presents an immediate opportunity to add significant value and further increase rental income without permitting delays.
Prime Location & Transit Access: The property boasts excellent walkability to Downtown Hayward, BART, and shopping, making it highly desirable for tenants and convenient for residents.
Multi-Unit Investment: Being a triplex, it offers diversified income streams and is a robust residential income property type, mitigating risks associated with single-unit rentals.
High School Rating: The property is located near Hayward High School, which holds a strong rating of 5, a significant advantage for families with high-school-aged children.
Cons
Property Age: Built in 1930, the property is quite old, which may imply a need for significant updates, potential deferred maintenance, or older systems that could require costly repairs.
Lower-Rated Elementary School: The nearby Strobridge Elementary School has a rating of 2, which could be a drawback for families prioritizing highly-rated primary education.
Current Income Status Ambiguity: The description states the units were 'previously rented' for $4600/month, which could imply current vacancies or a gap in rental income, requiring immediate effort to re-tenant.