Multi Family In Hayward

Discover an exceptional investment opportunity in a prime Hayward location. The subject property at 882-898 W Tennyson Road is located within the RM: Medium Density Residential zoning district with a corresponding land use designation of MDR: Medium Density Residential within the Hayward 2040 General Plan. The allowable density range is 8.7 to 17.4 dwelling units per net acreage. Based on a net acreage of .5693, the maximum density is 9 units which would allow the construction of two additional primary dwelling units. Any primary unit development would require review and approval of a Site Plan Review (SPR) application prior to submitting for building permits. To learn more about SPR, please visit [hidden information] The development standards for the subject property are hyperlinked above. This 7-unit complex sits on a 24,829 sq. ft. lot and features a 2-bedroom, 1-bath single-family home with a two-car garage, plus six (6) additional 1-bedroom, 1-bath units with a one-car garage. All units are separately metered for water and PG&E, simplifying building management. Built in 1956, the property offers approximately 4,314 sq. ft. of building area. Hayward is widely recognized as one of the strongest rental markets in the Bay Area, with a highly convenient central location near the South Bay, major bridges (I-84 and I-92), transportation options, Highways 880 and 580, and abundant shopping and dining.