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    22422 Rockaway Ln Hayward, CA 94541

    Sponsored
    For Sale
    Contact for pricing

    30-Unit Apartment Project Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.91-acre vacant land in Hayward, CA, presents a remarkable opportunity for developers. Located at the corner of A Street and Rockaway Lane, this prime site boasts approved plans for a four-story, 30-unit multiplex apartment building. The project design includes covered parking on the ground floor and three upper levels of residential units, ranging in size from studios to spacious three-bedroom, three-bathroom apartments (463 sq ft to 1524 sq ft). This development directly addresses the growing demand for market-rate housing in Hayward, complementing nearby senior and affordable housing initiatives. The property's strategic location offers convenient access to major thoroughfares like Foothill Boulevard and Highways 238/580, as well as the amenities of downtown Hayward. The permitted zoning is Commercial Office (CO), with a Commercial/High-Density Residential (CHDR) designation under the General Plan. The property's APN is 415-230-78, 415-230-79. This is a truly exceptional opportunity to capitalize on Hayward's thriving real estate market. The site is situated in Alameda County, with a Hayward, CA 94541 zip code. This offering is unpriced; offers are welcome.

    Property Features for 22422 Rockaway Ln

    General Information

    Property type
    Land
    Lot Size
    39,640 SF

    HighLights

    • 0.91‑acre vacant land zoned CO (Commercial Office), with a CHDR (Commercial/High Density Residential) General Plan designation.
    • Approved plans for a 30‑unit, four‑story multiplex building with first‑floor parking.
    • Units range from studios to three‑bedroom, three‑bathroom, sized from 463 to 1524 square feet.
    • Prime location at A St and Rockaway Ln in Hayward, CA, offering easy access to Foothill Blvd, Highways 238/580, and downtown Hayward amenities.
    • Broker co‑op available; APN: 415‑230‑78, 415‑230‑79.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hayward
    County
    Alameda
    State
    California
    Longitude
    -122.07735650454
    Latitude
    37.678485844895

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    FAQs

    What type of property is this?
    Land - 30-Unit Apartment Project Site
    Where is this land located?
    The property is located at 22422 Rockaway Ln Hayward, CA.
    What are key features of this property?
    This property features: 0.91-acre vacant land zoned CO (Commercial Office), with a CHDR (Commercial/High Density Residential) General Plan designation.; Approved plans for a 30-unit, four-story multiplex building with first-floor parking.; Units range from studios to three-bedroom, three-bathroom, sized from 463 to 1524 square feet.
    Request Owner's contact information
    22422 Rockaway Ln Hayward, CA 94541
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    Hayward, CA 94541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    22422 Rockaway Ln Hayward, CA 94541
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