29200 Bodega St

The value is in the land! This well located, 1.38 acre parcel features an existing 1,132 square foot single-family home. The property is zoned RSB4, Single Family Residential, minimum lot size of 4,000 square feet. Views of Coyote Hills, Union City, and Fremont. Estimated value exceeds $2,750,000 once new owner completes entitlement and subdivision process for approximately 10 lots (or possibly more). Homes in neighboring DR Horton community sell for over $1,500,000. Subject to a Development Agreement with City of Hayward dated 5/30/2008. Underground sewer, water, gas, and storm drain installed in 2016 as a part of Development Agreement in contemplation of future development. Current Phase I Environment Report, Engineer's Report, Soils Report, and Home, Pest and Roof inspections on file. Pest Clearance. Trustee sale, no court confirmation required. Producing irrigation well on property. A perfect land bank or development opportunity. The Bay Area needs housing!