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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by David Weglarz, DRE #01785615 • KELLER WILLIAMS TRI VALLEY REALTY

$ 1,650,000

Est. payment | -/mo

2 Beds

1 Bath

5,760 SqFt

Save

$ 1,650,000

Est. payment | -/mo

Save

2 Beds

1 Bath

5,760 SqFt

Key Details

Property Type Multi-Family

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

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

203 Sunset Blvd Hayward, CA 94541