Renovated 62-Unit Apartment
For Sale
$20,000,000
19972 Stanton Avenue Castro, Castro Valley, CA 94546
Apartment community with landscaped outdoor amenities, gated entry, covered parking, and a mix of one-, two-, and three-bedroom units.
Property Size47,827 SF
Lot Size2.92 Acres
Price / SF$418.17
Days on Market110
Property Features for 19972 Stanton Avenue Castro
General Information
Standard status
Active
Size
47,827 SF
Lot size
2.92 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
62
Amenities
landscaped courtyard with BBQ area
covered carport parking
on-site laundry facilities
gated electronic entrance
24-hour emergency maintenance
dog park
ceiling fans
oak cabinets
white appliances
granite countertops
private patios or balconies
Security System
Wall Furnace
Water - Public, Tar/Gravel
Building Details
Year Built
1961
Listing Agency:
Marcus & Millichap
Listed By:
Adam S. Levin · License #(S):CA:01462752
(650) 391-1782
Source:
Kw
Added: Jun 20
Changed: Oct 6
Last Checked: Oct 5 at 5:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
Mosaic Apartments is a 62-unit apartment community built in 1961 on 2.92 acres in Castro Valley, California. The property contains 47,827 total SF of gross livable area with one-, two-, and three-bedroom units. Interior features include ceiling fans, oak cabinets, white appliances, granite countertops, private patios or balconies, security systems, and wall furnaces.
The community offers a landscaped courtyard with a BBQ area, covered carport parking, on-site laundry, a gated electronic entrance, 24-hour emergency maintenance, and a dog park. Exterior features include public water and tar/gravel construction. Renovation work has been completed throughout the property, including full interior renovations in 30 of the 62 units with high-end designer finishes.
The community offers a landscaped courtyard with a BBQ area, covered carport parking, on-site laundry, a gated electronic entrance, 24-hour emergency maintenance, and a dog park. Exterior features include public water and tar/gravel construction. Renovation work has been completed throughout the property, including full interior renovations in 30 of the 62 units with high-end designer finishes.
Key Highlights
- 62‑unit apartment community on 2.92 acres
- 47,827 total SF of gross livable area
- One-, two-, and three‑bedroom unit mix
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$692,826
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,856,520
$13.9M
Cap Rate 7%
$9,897,514
$9.9M
Cap Rate 9%
$7,698,067
$7.7M
Market Conditions
NOI Build-Up for 47,827 SF
Gross rent
$1.34M $27.96/SF
− Vacancy
−$77.6K −$1.62/SF
EGI
$1.26M $26.34/SF
− OpEx
−$566.9K −$11.85/SF
NOI
$692.8K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,856,520
Cap Rate 7%
$9,897,514
Cap Rate 9%
$7,698,067
Alternative Uses
Best Use
Apartment 5plus
$9.90M
$8.66M – $11.55M
NOI $692,826 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$218.04M
$190.79M – $254.38M
NOI $15,262,863 @ 7.0% cap · market cap 76.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
62
Residential units
Location Intelligence
Trade Area within ½ mile
1,567
Businesses Nearby
Explore this area
Business Placement
Demographics for 94546, CA
46,687
Population
16,398
Households
2.8
Avg Household Size
40
Median Age
41%
College-Educated
90%
High-School Grad
16.0 sq mi
ZIP Area
2,918
Density / Sq Mi
$125,780
Median Household Income
$66,737
Median Earnings
$2,506
Median Rent
$976,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment community with landscaped outdoor amenities, gated entry, covered parking, and a mix of one-, two-, and three-bedroom units.
Where is this apartment building located?
The property is located at 19972 Stanton Avenue Castro Castro Valley, CA.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 62‑unit apartment community on 2.92 acres; 47,827 total SF of gross livable area; One-, two-, and three‑bedroom unit mix
