203 Sunset Blvd, Hayward, CA 94541

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 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.

Listing Status:

Active

Date Added:

August 27, 2026

Data Last Updated:

October 8, 2026 at 11:19PM

Listing Office:

KELLER WILLIAMS TRI VALLEY REALTY : 925-397-4200

Listing Agent:

David Weglarz : 510-398-1027

MLS ID:

41146412

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 12

Construction

• Roofing: Shingle
• General: Wood Siding

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_BMLS
• County: Alameda

Lot

• Zoning: 4390091003

Financial

• Source: CRMLS_BMLS