21492 Montgomery Avenue, Hayward, CA 94541

Property Description

Possible Vacant Possession Opportunity on Primary House! Introducing a rare compound with income & development potential featuring two completely standalone, fully detached single-family homes (no shared walls, condos, or stacked units) on one legal lot spanning a third of an acre (14,690 sq. ft.) in Cherryland (unincorporated Alameda County). Superbly located under half a mile to Hayward BART, this transit-oriented property boasts dual street access, newer roofs on both structures, and separate gas/electric meters (only water shared). The primary detached residence (21492 Montgomery Ave) is a spacious 3-bed, 1-bath home (1,215 sq. ft.). The secondary detached residence (938 Grove Way) is a 2-bed, 1-bath layout (770 sq. ft.). Both homes offer functional floor plans, wood flooring, tile kitchen flooring, granite countertops, open living/dining, and indoor washer/dryer hookups. The property is sold tenant-occupied on month-to-month leases. While 938 Grove Way continues as an active rental, a potential path to vacant possession exists for the primary house (21492 Montgomery Ave). The seller held preliminary move-out discussions with the primary house tenant and is prepared to re-engage upon offer submission, including providing a 90-day post-closing rent-back credit. This opens flexible options for owner-occupants seeking an income-subsidized primary residence, multi-generational buyers, or value-add investors eyeing pro-forma rent upside. Interested buyers seeking vacant possession should include primary house move-out terms in their offer. The expansive level corner lot, deep set-back positioning, dual street frontages, and favorable unincorporated Alameda County zoning provide a versatile canvas for developers and builders to explore high-yield development pathways. Dual street access simplifies design logistics for separate driveways and utility hookups. Explore a traditional minor parcel map subdivision to split into two independent legal lots (subject to County approval) or leverage California's current ADU framework to construct up to two additional detached ADUs for long-term density expansion. Location under 0.5 miles to BART triggers state exemptions, eliminating off-street parking replacement mandates for future footprints. Property sold strictly as-is. Full inspection reports and disclosure packages are finalized and available through your agent for immediate review. Offers reviewed as received!