1124 Rex Road, Hayward, California 94541, Hayward, 94541 - bed, bath
1124 Rex Road
Hayward, California 94541
Property Price
SUMMARY
Analysis of 1124 Rex Road, Hayward, California 94541 is currently available with a list price of $1,550,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Hayward Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property, built in 1968, features two units that have been fully renovated, as evidenced by the modern kitchens with granite countertops, stainless steel appliances, and updated bathrooms with new vanities and tiling. The flooring in the living areas and bedrooms is a well-maintained laminate/hardwood. While the presence of wall heaters indicates an older heating system and the building's age suggests potential for aging infrastructure, the renovated units are move-in ready and show significant updates within the last 5-15 years, aligning with a 'Good' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Income & Upside Potential
The property offers immediate rental income from two leased units and significant upside potential from two fully renovated, vacant units that can be rented at market rates.
- Low Operating Expenses
The owner covering water and garbage expenses helps keep overall operating costs low, which is attractive to investors and can enhance tenant demand.
- Desirable Unit Mix
Each of the four units features a popular 2-bedroom, 1-bathroom configuration, appealing to a broad tenant base.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1968, the property is over 50 years old, which may imply potential for aging infrastructure (e.g., plumbing, electrical, roof) that could require future capital expenditures.
- Long-Term Leases on Occupied Units
While providing stable income, the leases on two units extend through June 2026, limiting the ability to adjust rents to market rates or implement new terms for those units in the short term.
- Owner-Paid Utilities
Although beneficial for tenant attraction, the owner's responsibility for water and garbage costs represents a fixed operating expense that could increase over time, impacting net operating income.
About 1124 Rex Road
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1968
- Lot Size
- 8,250 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,188 | - | 80% |
| Lot Size | 8,250 | 7,524 | 60% |
| Price | $1.55M | $1.27M | 80% |
| Price per sq ft | $370 | $0 | 80% |
| Built year | 1968 | 1962 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 113 | 40% |
Pricing History
Listed for Sale
Dec 14, 2025
$1,550,000
Initial Listing
Sold
Nov 15, 2017
$1,025,000
Public Record