1124 Rex Road, Hayward, California 94541, Hayward, 94541 - 0 bed, 0 bath
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Hayward, California 94541
This Quadruplex Residential Income property represents a Strong Value Opportunity, listed at $1,350,000—positioned well below the $1,423,522 Fair Market Value by 5%. This valuation gap offers $73,522 in Instant Equity. With a Condition Rating of 3, the property features two fully renovated units and two stable, long-term leases. Competitive amenities like dedicated storage and two parking spaces per unit ensure high tenant retention. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate cash flow and long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1124 Rex Road Subject | $1,350,000* List Price | 0 | 0 | 4,188 | $340 | - |
A 742 B St Active | $1,399,000 List Price | 0 | 0 | 4,200 | $333 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1968, the property is well-maintained with 50% of the units fully renovated. Interior photos show move-in ready condition with updated stainless steel appliances, stone countertops, and modern laminate flooring.
Two units are fully renovated and vacant, allowing an investor to immediately capture market-rate rents or an owner-occupant to move in without additional capital expenditure.
The property features two units leased through June 2026, providing guaranteed long-term cash flow and significantly reducing vacancy risk for the new owner.
Each unit includes two parking spaces (one carport) and a dedicated storage closet, which are highly competitive features in the Hayward rental market that drive tenant retention.
With 50% of the units locked into leases until mid-2026, the owner is unable to adjust those specific rents to current market levels for the next two years.
The owner covers water and garbage costs, which increases operating overhead and exposes the landlord to potential utility rate hikes that can impact net operating income.
This well-maintained four-unit property, owned long term and cared for with pride, offers an excellent opportunity for investors or owner-occupants. Each unit features 2 bedrooms, 1 bathroom, and two parking spaces, including one carport and one open space with a storage closet. Two units have been fully renovated and are ready to rent or occupy, while the remaining two units are leased through June 2026, providing stable, long-term income. The owner pays for water and garbage, keeping operating costs low and tenant demand high. With immediate rental income, upside potential from the renovated vacant units at market rent, and overall low operating expenses, this property is truly investor-friendly.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,188 | 2,091.5 |
| Lot Size | 8,250 | 7,725 |
| Price | $1.35M | $1.04M |
| Price per sq ft | $322 | $477 |
| Built year | 1968 | 1919 |
| HOA | $0 | $0 |
| Days on market | 48 | 91 |
Jun 4, 2026
$1,350,000
Initial Listing
Nov 15, 2017
$1,025,000
Public Record