203 Sunset BlvdHayward, CA 94541

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 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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1978

Living area

5,760 Sq Ft

Lot size

0.28 acres

Days on market

41

MLS^® Listing#

41146412

Property Features

Cooling

None

Heating

Wall Furnace

Flooring

Other

Basement

None

Parking

Covered · Parking Lot

Lot features

Rectangular Lot

Construction

Wood Siding

Roof

Shingle

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

4390091003