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1289 Russell Way 0.15 Acres of Commercial Land Offered at $1,150,000 in Hayward, CA 94541

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Investment Highlights

Fully entitled 14-unit condominium project with Tentative Map Approval.
Highly walkable neighborhood with a Walk Score of 92 and excellent transit access.
Convenient access to BART and major Bay Area freeways for regional connectivity.

Located across from the Japanese Gardens and near downtown Hayward amenities.
Approved plans include garage parking for 7 vehicles and 8 bicycle racks.
Positioned in a desirable infill location with strong residential demand.

Executive Summary

This offering presents a strategically located 14-unit residential development site in Hayward with Tentative Condo Map Approval. The property’s value is defined by its rare setting directly opposite the tranquil, landmark Japanese Gardens, while being moments from the vibrant amenities of downtown Hayward. This dual positioning offers future residents an unparalleled lifestyle, balancing urban convenience with a serene, permanent green backdrop. The highly walkable location (Walk Score: 92) provides excellent access to public transit, including BART. This is a distinctive infill opportunity to build a compact residential project in one of Hayward’s most desirable and balanced neighborhoods, where city living and natural retreat converge seamlessly.

OM Russell Way Garden Condominiums

Property Facts

Price	$1,150,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Multifamily Apartment Units Apartment Units - Condo Apartment Units - Subsidized
Sale Conditions	1031 Exchange Redevelopment Project	Total Lot Size	0.15 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	Urban Neighborhood - Urban Neighborhood

Price	$1,150,000
Sale Type	Investment
Sale Conditions	1031 Exchange Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Apartment Units Apartment Units - Condo Apartment Units - Subsidized
Total Lot Size	0.15 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Urban Neighborhood - Urban Neighborhood

1 Lot Available

Lot

Price	$1,150,000	Lot Size	0.15 AC
Price Per AC	$7,640,942.16

Price	$1,150,000
Price Per AC	$7,640,942.16
Lot Size	0.15 AC

.15 Acre lot ready for development.

Description

The property at 1289 Russell Way in Hayward, CA, is a 6,556-square-foot parcel zoned Urban Neighborhood (UN) with Tentative Condo Map Approval for 14 residential units. It is located across from the Japanese Gardens and near downtown Hayward. The site offers access to public transportation, including BART, and is within a walkable area with nearby retail and service amenities.

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