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About the Listing BMLS-OBOKWT - BMLS-R01785615
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
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- Below Ground Sq Ft: n/a
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Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 12
- Roof: Shingle
- Others: Wood Siding,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4390091003
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
203 Sunset Blvd Hayward, CA 94541
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