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$ 1,650,000
Est. payment | /mo
5,760 SqFt
$ 1,650,000
Est. payment | /mo
5,760 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $286
Subdivision Cherryland
MLS Listing ID 41146412
HOA Y/N No
Year Built 1964
Lot Size 0.589 Acres
Acres 0.28
Property Sub-Type Multi Family
Property Description
203 Sunset Boulevard presents a compelling opportunity to acquire a well-maintained six-unit townhome community in Hayward's unincorporated Cherryland neighborhood, near A Street and minutes from Downtown Hayward. Each of the six units features two bedrooms, 1.5 bathrooms, and approximately 960 square feet of living space — offering tenants spacious, house-like accommodations uncommon in the broader multifamily market. Built in 1978 and situated on a 25,660 square foot lot, the property benefits from a rare townhome floorplan with individual unit entrances, private outdoor space, and separate metering of gas and electric utilities. The property is 100% occupied with a stable, long-term tenant base, generating gross monthly income of $12,146. With current rents averaging $2,024 per unit — meaningfully below the market rate of $2,500 per unit — the property offers significant upside through natural turnover. Pro forma rents of $2,500 per month translate to a projected gross annual income of $180,000, representing a 23.4% increase over in-place rents; supporting a pro forma cap rate of 6.82%. Located in unincorporated Alameda County, the property is governed by California's Tenant Protection Act (AB 1482) rather than Hayward's local rent control ordinance — allowing rent increases of 5% + CPI. This investor-friendly structure, combined with proximity to Hayward BART and major East Bay employers, underpins consistent demand and long-term rent growth.
Location
State CA
County Alameda
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling None
Flooring Other
Fireplace No
Laundry Coin Operated
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public, Water District
New Construction No
Others
Tax ID 4390091003
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Listed by David Weglarz • KELLER WILLIAMS TRI VALLEY REALTY
NEARBY SCHOOLS & PROPERTIES
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