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1124 Rex Road, Hayward, California 94541, Hayward, 94541 - bed, bath

1124 Rex Road, Hayward, California 94541 home-pic-0
ACTIVE$1,550,000
1124 Rex Road, Hayward, California 94541
0Bed
0Bath
4,188Sqft
8,250Lot
Year Built
1968
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$370
HOA
-
Days on market
-
Sold On
-
MLS number
ML82029424
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.55M(86th), sqft - 4188(86th), beds - undefined(50th), baths - undefined(50th).

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, 2 bathrooms, 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.

Price History

Date
Event
Price
12/14/25
Listing
$1,550,000
11/15/17
Sold
$1,025,000
Condition Rating
Good
Built in 1968, this multi-unit property benefits significantly from recent renovations. Two of the four units have been 'fully renovated,' as evidenced by the images showing modern bathrooms with subway tile surrounds, contemporary vanities, and updated light fixtures. The kitchens in these renovated units feature stainless steel appliances, granite countertops, and a mix of newer tile or older but well-maintained flooring. Hardwood/laminate flooring is present in living areas and bedrooms, contributing to a clean, move-in ready feel. While the property's age and the presence of wall heaters (instead of central HVAC) prevent an 'Excellent' rating, the substantial updates in half the units, coupled with the overall 'well-maintained' description, place it firmly in the 'Good' category. The remaining leased units are presumed to be in functional, livable condition.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: This four-unit property (quadruplex) offers diversified income streams and flexibility for potential owner-occupancy, appealing to a broad investor base.
Immediate Income & Upside Potential: Two units are fully renovated and ready to be rented at market rates, providing immediate upside, while the other two units offer stable income through existing leases until June 2026.
Low Operating Expenses: The owner covers water and garbage, which is stated to keep operating costs low and enhance tenant demand and retention.
Well-Maintained Property: Described as 'well-maintained' and 'cared for with pride' by long-term owners, suggesting the property is in good condition and may require fewer immediate capital expenditures.
Attractive Unit Features: Each unit offers a desirable layout with 2 bedrooms, 2 bathrooms, and two dedicated parking spaces (one carport, one open with storage), appealing to a wide range of tenants.

Cons

Property Age: Built in 1968, the property is over 50 years old, which may lead to higher long-term maintenance costs for major systems (e.g., plumbing, electrical, roof) if not recently updated.
Owner-Paid Utilities: The owner's responsibility for water and garbage expenses could impact net operating income and potentially lead to higher consumption compared to individually metered units.
Upcoming Lease Expirations: Two units have leases expiring in June 2026, which will require active management for renewals or re-tenanting, introducing potential for vacancy or negotiation within the next 2.5 years.

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