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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.
Property Type(s):
Residential Income
| Last Updated | 8/27/2026 | Tract | CHERRYLAND |
|---|---|---|---|
| Year Built | 1978 | County | Alameda |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Wood Siding |
| HEAT | Wall Furnace |
| LOT | 0.2824 acre(s) |
| LOT DIMENSIONS | 12300 |
| SUBDIVISION | CHERRYLAND |
Location
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Listed with KELLER WILLIAMS TRI VALLEY REALTY
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