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Listed by David Weglarz, DRE #01785615 • KELLER WILLIAMS TRI VALLEY REALTY
$1,650,000
Est. payment /mo
2 Beds
1 Bath
5,760 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,760 sqft
Price per Sqft $286
MLS Listing ID EB41146412
Bedrooms 2
Year Built 1964
Lot Size 0.589 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
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 incre
Location
State CA
County Alameda
Area Hayward
Interior
Heating Wall Furnace
Cooling None
Flooring Other
Laundry Laundry Facility - Coin-Op
Exterior
Exterior Feature Siding - Wood
Parking Features Parking Area, Spaces per Unit - >1
Garage Spaces 12.0
Roof Type Composition
Building
Lot Description Regular
Others
Tax ID 439-009-1003
Special Listing Condition New, Not Applicable
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