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25730 University Ct 2.73 Acres of Residential Land Offered at $7,200,000 in Hayward, CA 94542

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Investment Highlights

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Executive Summary

Hilltop development opportunity consisting of two parcels. It is zoned for up to 97 Apartment, Condominiums, or PUD units. Nestled in the most prominent area of Hayward, this RIDGETOP, VIEW lot is the last undeveloped parcel in the CUL-DE-SAC. Development is located across from Cal State East Bay (formerly Cal State Hayward) and will command the highest price for residential homes in Hayward. The per unit price is substantially less than what other development lots have gone for in the vicinity. Price includes our old plans @ 200K, engineering @150K, reports @ 300K for 94 two Bedroom, Two Bath rental Condominium units over parking structure. Building pad area is located at the street level and has been cleared of old structurers & trees @ cost of 200K. This parcel is ready for construction. Down below there are Oak trees, a seasonal creek and even a recreation area that connects to a hiking trail. Will exchange.

Property Facts

Price	$7,200,000	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Redevelopment Project	Proposed Use	Multifamily Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Planned Unit Development Single Family Residence
No. Lots	1	Total Lot Size	2.73 AC
Zoning	HR - High Density Residential

Price	$7,200,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Multifamily Apartment Units - Condo Apartment Units - Dorms Apartment Units - Senior Planned Unit Development Single Family Residence
Total Lot Size	2.73 AC
Zoning	HR - High Density Residential

1 Lot Available

Lot 2

Price	$7,200,000	Lot Size	2.73 AC
Price Per AC	$2,637,362.64

Price	$7,200,000
Price Per AC	$2,637,362.64
Lot Size	2.73 AC

Ridgetop, Gentle slope down from the street

Description

Project Summary: Gross Development Lot Area = 2.72 acres, or 118,462.2123 square feet. Lot area covered by the structures equals to 45,254.44 square feet (only 38% of the gross area). Our Golden Heights rental condominiums plan was for 94 (752, 763, 798 square feet) luxurious all 2Br, 2Ba, units. Building "A" 58, & Building "B" 36 units. Total off street covered parking 191 (2.03 cars per unit, more than required). Total open space 39,533 square feet (again 421 square feet per unit, more than required). For our development plans, reports, studies, documents, etc. please submit a Development Memorandum first. Development Memorandum is essentially a business plan used in due diligence. It should include the buyer/s objectives, experience with, or understanding of hillside development and the development process, and financial strength, to demonstrate the buyers ability to successfully complete the transaction. Will exchange.

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