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203 Sunset Blvd

Hayward, CA 94541
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Bed 0

Bed

Bath 0

Bath

SqFt25,660

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,650,000

AD Id : 90492274

MLS Id : 41146412

Lot Size : 25,660 Sqft

Year Built : 1964

County : Alameda

Subdivision: Progresso

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Feature Features

  • Interior Features

    Roof: Shingle
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: None

  • Building Information

    Year Built: 1964
    Construction Materials: WoodSiding
    Private Pool: No

  • Lot Information

    Main Square Feet: 25660 Lot Size Acres: 0.5891 Lot Size Square Feet: 25,660

    Property Information

    Subdivision: CHERRYLAND Source Property Type: ResidentialIncome Property Age: 62

  • Listing Price Information

    Listing Price: $1650000

  • Tax Information

    Parcel Number: 4390091003

  • Parking Information

    Parking Total: 12

  • Location Information

    Direction: Cross Street: Meekland Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Ocean View Drive, Hayward, CA, 94541 $1,149,900 5 3 2,044 --
E Lewelling Boulevard, Hayward, CA, 94541 $795,000 -- 2 1,702 --
Saddle Drive, Hayward, CA, 94541 $1,829,900 4 3 3,082 22,215.60 Sqft
Haviland Avenue, Hayward, CA, 94541 $699,999 2 2 1,481 --
Westerman Court, Hayward, CA, 94541 $745,000 3 2 1,071 --
Fairlands Road, Hayward, CA, 94541 $799,000 3 1 1,160 --
Ocean View Drive, Hayward, CA, 94541 $1,149,900 -- -- 2,044 --
Glenbrook Lane, Hayward, CA, 94541 $1,300,000 3 3 1,928 --
23051 & 23051a Henry Lane, Hayward, CA, 94541 $1,998,000 7 6 4,341 14,483 Sqft
Thurston Court, Hayward, CA, 94541 $1,800,000 5 3 3,376 20,416.57 Sqft

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ByOwner last updated this listing 09/03/2026 @ 14:59

MLS: 41146412 LISTED BY: David Weglarz, KELLER WILLIAMS TRI VALLEY REALTY 925-397-4200 SOURCE: CRMLS

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