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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,650,000

Est. payment | -/mo

0.28 Acres Lot

Save

$ 1,650,000

Est. payment | -/mo

Save

0.28 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Cherryland

MLS Listing ID 41146412

HOA Y/N No

Year Built 1978

Lot Size 0.282 Acres

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

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 12

Others

Tax ID 4390091003

CRMLS Full IDX Feed (MAIN Website Search)

Listed by David Weglarz KELLER WILLIAMS TRI VALLEY REALTY #01785615

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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203 Sunset Blvd Hayward, CA 94541