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About this home
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.
Multi-familyProperty Type
1968Year Built
8,250 sq ftLot Size
$322Price/Sq.Ft.
2 spacesParking
Listed by Virginia Trowbridge•DRE #02050702• GI Joe Homes Inc
North Hayward, located between Downtown Hayward and the Hayward Hills, is a residential and commuter-friendly Hayward neighborhood with a BART-adjacent core and a foothill backdrop. The neighborhood’s character concentrates around the Mission Blvd and A Street corridor, where taquerias, independent cafes, and small storefronts keep the sidewalks active. Housing reads as a mix of mid-century ranch homes, compact postwar streets, and a few newer infill buildings near transit. Japanese Gardens offers a quiet, designed landscape that contrasts with the busier commercial strips. The Hayward Area Historical Society anchors local storytelling in a classic downtown setting. Weekends often orbit around the Hayward Farmers Market and nearby parks for a walk-and-coffee rhythm.
Provided by Walk Score and Local Logic
Offer insights
1124 Rex Rd · $1,350,000
$1.35M and above
75% chance or better to win
Why $1.35M+ is a strong offer
DAYS ON MARKET
92 days
The average home goes pending in 33 days.
SALE-TO-LIST
101.7%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Storage available
220-volt outlet in unit(s)
Garbage disposal
Hood over range
Granite countertops
Varies by unit for some appliances/features
Bedrooms
All units are 2-bedroom units
Bathrooms
Each unit has one full bathroom
Kitchen
Electric cooktop
Electric oven/range
Microwave
Refrigerator(s)
Appliances vary by unit
Laundry & utility
Laundry hookups only
Flooring
Carpet
Laminate
Tile
Heating & cooling
Forced air heating
Exterior features
Balcony or patio
Courtyard
Fenced yard
Low-maintenance landscaping
Automatic sprinklers
Parking available (see parking section)
Home design
Residential property
2-story building
Individual ownership
Parking
Carport parking
Uncovered parking
Carport space minimum listed as 6
2 marked parking spaces
Construction
Wood frame construction
Shingle roof
Concrete perimeter and slab foundation
Single building on site
Utilities
Public water
Public sewer
Public utilities
Primary water meter
Triple-pane windows for energy efficiency
Financial info
Property contains 4 units
Annual rental income listed as $85,992
Annual gross income listed as $85,992
Gross scheduled income listed as $85,992
Total expenses listed as $24,688
Gross rent multiplier listed as 15.70
Some units show current rents (examples: $985 and $2,500 shown per unit info)
Other
Tenant pays electricity and heating utilities
Landscape expense listed as $1,200
Trash expense listed as $4,800
Utility expenses listed as $5,520
Electricity and solar
View estimated energy costs and solar savings for this home
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.
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82029424
Apr 30, 2026
Listing Removed
—
Dec 14, 2025
Listed
*
Public Records
Nov 15, 2017
Sold
$1,025,000
$245/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,752 (+3.2%)
$232,556 + $459,185
$691,741
2024
$10,413 (+3.5%)
$232,556 + $459,185
$691,741
2023
$10,061 (+2.8%)
$227,996 + $450,181
$678,177
2022
$9,790 (−2.4%)
$219,144 + $432,703
$651,847
2021
$10,034 (+6.3%)
$219,144 + $432,703
$651,847
2020
$9,443 (+54.8%)
$214,848 + $424,220
$639,068
2019
$6,102 (+55.3%)
$212,646 + $419,873
$632,519
2018
$3,929 (+3.3%)
$90,554 + $104,181
$194,735
2017
$3,802 (+6.5%)
$87,038 + $100,136
$187,174
2016
$3,571 (+3.0%)
$87,038 + $100,136
$187,174
2015
$3,467 (+4.1%)
$85,331 + $98,172
$183,503
2014
$3,332 (+2.2%)
$82,403 + $94,804
$177,207
2013
$3,259 (+1.9%)
$82,403 + $94,804
$177,207
2012
$3,197 (+2.9%)
$82,031 + $94,376
$176,407
2011
$3,108 (+2.1%)
$80,423 + $92,525
$172,948
2010
$3,044 (−1.1%)
$78,846 + $90,711
$169,557
2009
$3,076 (+3.4%)
$78,257 + $90,033
$168,290
2008
$2,975
$78,443 + $90,248
$168,691
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
8,250 Sq. Ft.
Year renovated
1968
Finished Sq. Ft.
4,188
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,188
Year built
1968
Style
Multi-Family (2-4 Unit)
County
Alameda County
APN
428 002104500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
RM
Medium Density Residential District
The RM District shall be subject to the following specific regulations in addition to the general regulations hereinafter contained in order to promote and encourage a suitable environment for households of all types and sizes through a mingling of different housing types and densities and compatible community services.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Fire house
Police station
Local insights from Redfin agents
Hayward remains an incredible value in the East Bay! With median prices around $860K and homes averaging 21 days on market, buyers have some breathing room to negotiate. However, pristine, move-in ready properties still fly off the shelf in under 10...
Hayward is a fast-paced seller's market with homes going pending in just 17 days. With a median sale price of $884,000, over 60% of properties close above asking price. Buyers must act quickly with strong, competitive offers to succeed here.