203 Sunset Blvd, Hayward, CA 94541
203 Sunset Blvd, Hayward, CA 94541
203 Sunset Blvd, Hayward, CA 94541
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$1,525,000
Est. payment /mo
5,760 SqFt
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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,760 sqft

Price per Sqft $264

Subdivision Cherryland

MLS Listing ID 41146412

HOA Y/N No

Year Built 1978

Lot Size 0.282 Acres

Acres 0.28

Property Sub-Type Multi Family

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.

Location

State CA

County Alameda

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling None

Flooring Other

Fireplace No

Laundry Coin Operated

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Water Public, Water District

New Construction No

Others

Tax ID 4390091003

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Listed by David Weglarz • KELLER WILLIAMS TRI VALLEY REALTY

NEARBY SCHOOL & BUSINESS

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Realtors DRE01254724 / 01254725

Realtors DRE01254724 / 01254725

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