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  • 203 Sunset Blvd

203 Sunset Blvd, Hayward, CA 94541

$1,650,000 Approx. USD 0 beds, 0 baths

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Photo of Thomas Van

Thomas Van REALTOR® - Sales Associate 619-726-9832 m
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com Text Me
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Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
 San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


David Weglarz | david.weglarz@theprescottcompany.com
Lic#: 01785615
Broker: Courtesy of KELLER WILLIAMS TRI VALLEY REALTY
Phone: 510-398-1027

Agent Remarks

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 Details

Property type: (Multi-Family)
Status: Active
MLS# 41146412
Price: $1,650,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1964
0.59 acres
Lot size: 0.5891
Subdivision: CHERRYLAND
County: Alameda
Construction: Wood Siding
Heating/cooling: None
Heating description: Wall Furnace

Last Updated: 9/3/2026

 Days On Market (DOM): 7

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Lat/Long: 37.671952, -122.101457.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Thomas Van

Thomas Van REALTOR® - Sales Associate 619-726-9832 m
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com Text Me
Call My Cell
Lic#: 02077006
NRDS ID: 196577555
ThomasVan@bhhscal.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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