203 Sunset Blvd, Hayward, CA 94541
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
203 Sunset Blvd,Hayward, CA 94541
$1,650,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: david weglarz
Office: keller williams tri valley realty925-397-4200
MLS#:41146412
Source:CRMLS
Price summary
- Price:$1,650,000
About this home
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 12,300 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....
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Home facts
- Year built:1978
- Subdivision & Development:CHERRYLAND
- Listing ID #:41146412
- Added:46 day(s) ago
- Updated:October 13, 2026 at 11:22 AM
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Roof:Shingle
- Year built:1978
- Lot area:0.28 Acres
- Construction Materials:Wood Siding
Finances and disclosures
- Price:$1,650,000
Parking
- Total parking spaces:12
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