Six-Unit Townhome Apartment
For Sale
$1,650,000
203 Sunset Blvd, Hayward, CA 94541
Fully occupied residences provide private entrances, outdoor areas, and separately metered gas and electric utilities.
Property Size5,760 SF
Lot Size0.59 Acres
Price / SF$286.46
Days on Market50
Property Features for 203 Sunset Blvd
General Information
Standard status
Active
Size
5,760 SF
Lot size
0.59 Acres
Property subtype
Multi Family
Occupancy
100%
Financials
Gross Income
$145,752
Average Monthly Rent
$2,024
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 2BR/1.5BA
Multifamily Units
6
Amenities
private outdoor space
Building Details
Year Built
1964
Listing Agency:
KELLER WILLIAMS TRI VALLEY REALTY
(925) 397-4200
Listed By:
David Weglarz · License #01785615
(510) 398-1027
Source:
Exitrealty
Added: Aug 28
Changed: Sep 9
Last Checked: Sep 15 at 4:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS TRI VALLEY REALTY
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Investment Insights
Based on property information with market context.
This six-unit apartment property is configured as a townhome community, with each residence offering two bedrooms, 1.5 bathrooms, and approximately 960 square feet of living area. Individual entrances and private outdoor space give the units a house-like layout, while gas and electric utilities are separately metered. The property occupies a 25,660 square foot lot at 203 Sunset Blvd in Hayward’s unincorporated Cherryland neighborhood.
All six units are currently occupied, supported by a long-term tenant base. The property is near A Street, minutes from Downtown Hayward, and within reach of Hayward BART and major East Bay employers. Walk Score and Bike Score are both 64, while Transit Score is 59. As an unincorporated Alameda County property, it is governed by California’s Tenant Protection Act, AB 1482, rather than Hayward’s local rent control ordinance.
All six units are currently occupied, supported by a long-term tenant base. The property is near A Street, minutes from Downtown Hayward, and within reach of Hayward BART and major East Bay employers. Walk Score and Bike Score are both 64, while Transit Score is 59. As an unincorporated Alameda County property, it is governed by California’s Tenant Protection Act, AB 1482, rather than Hayward’s local rent control ordinance.
Key Highlights
- Six‑unit townhome community at 203 Sunset Blvd, Hayward, CA 94541
- Each unit includes 2 bedrooms, 1.5 bathrooms, and approximately 960 square feet
- 25,660 square foot lot in Hayward’s unincorporated Cherryland neighborhood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,721
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,234,420
$2.2M
Cap Rate 7%
$1,596,014
$1.6M
Cap Rate 9%
$1,241,344
$1.2M
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$214.3K $37.20/SF
− Vacancy
−$11.1K −$1.93/SF
EGI
$203.1K $35.27/SF
− OpEx
−$91.4K −$15.87/SF
NOI
$111.7K $19.40/SF
Area
Hayward, CA
Vacancy
5.20%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,234,420
Cap Rate 7%
$1,596,014
Cap Rate 9%
$1,241,344
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,721 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,637 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 94541, CA
69,736
Population
23,217
Households
3
Avg Household Size
36
Median Age
30%
College-Educated
82%
High-School Grad
7.5 sq mi
ZIP Area
9,298
Density / Sq Mi
$106,556
Median Household Income
$52,023
Median Earnings
$2,229
Median Rent
$781,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied residences provide private entrances, outdoor areas, and separately metered gas and electric utilities.
Where is this apartment building located?
The property is located at 203 Sunset Blvd Hayward, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six‑unit townhome community at 203 Sunset Blvd, Hayward, CA 94541; Each unit includes 2 bedrooms, 1.5 bathrooms, and approximately 960 square feet; 25,660 square foot lot in Hayward’s unincorporated Cherryland neighborhood
