1124 Rex Road, Hayward, California 94541, Hayward, 94541 - 0 bed, 0 bath
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Hayward, California 94541
This Well-Maintained Quadruplex is a premier multi-family asset with a List Price of $1,550,000, matching its $1,550,000 Fair Market Value. Boasting a Good Condition Rating, the property features two fully renovated, vacant units with modern kitchens and two units leased through 2026 for immediate stability. With 2-bedroom layouts, dedicated carports, and distant hillside views, the property is primed for long-term appreciation in a central Hayward location. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey house-hack opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1124 Rex Road Subject | $1,550,000* List Price | 0 | 0 | 4,188 | $370 | - |
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.
This 1968 quadruplex is well-maintained, with 50% of the units recently and fully renovated. The updated units feature modern kitchens with stainless steel appliances, stone countertops, contemporary pendant lighting, and high-quality laminate flooring. While the building's exterior and wall-mounted heating systems reflect its original age, the interior renovations are turnkey and move-in ready, meeting the criteria for a 'good' condition score.
Two of the four units have been fully renovated and are delivered vacant, allowing an investor to immediately capture market-rate rents or an owner-occupant to move in without additional capital expenditure.
The property consists entirely of high-demand 2-bedroom, 1-bathroom units, each featuring two dedicated parking spaces and private storage, which enhances tenant retention and competitive positioning.
With two units already leased through June 2026, the asset provides a stable and predictable income stream from day one, mitigating the financial risk often associated with multi-family acquisitions.
Because two units are locked into leases until mid-2026, the owner is restricted from adjusting those rents to market levels or performing interior upgrades for over a year.
The owner is responsible for water and garbage costs; without sub-metering, these rising operational expenses can compress net operating income and limit the ability to pass costs to tenants.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,188 | 2,016 | 89% |
| Lot Size | 8,250 | 7,524 | 67% |
| Price | $1.55M | $1.20M | 89% |
| Price per sq ft | $370 | $362 | 56% |
| Built year | 1968 | 1953 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 129 | 159 | 44% |
Dec 14, 2025
$1,550,000
Initial Listing
Nov 15, 2017
$1,025,000
Public Record