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Denning Ct Castro Valley, CA 94546

For Sale
$4,850,000

18-unit apartment complex with value-add potential in Castro Valley.

Property size:
15,340 SF
Lot size:
0.54 Acres

Property Features for Denning Ct

General Information

Standard status
Active
Size
15,340 SF
Lot size
0.54 Acres

Building Details

Year built
1961

Source: MARCUS & MILLICHAP Agent JOSEPH OWENS

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Castro Valley Apartment Complex

This 18-unit apartment complex, totaling 15,340 square feet, is located at the corner of Denning Court and Stanton Avenue in Castro Valley, adjacent to Sutter Health Eden Medical Center. Constructed in 1961, the property offers substantial upside potential and is available for the first time in nearly 20 years. The units average 852 square feet and feature private outdoor space. The property has long-term, stable tenancy and meticulous maintenance standards. Value-add opportunities exist through systematic unit renovations upon natural turnover, with projected 54% NOI growth potential. Capital improvements include a new flat roof planned for 2025, upgraded copper plumbing, and completed sewer lateral work. The common area laundry facility features owned machines.
Location Intelligence

Current Use by Public Records

Apartment buildings

Map

City
Castro Valley
County
Alameda
State
California
Longitude
-122.090447
Latitude
37.695953

FAQs

What type of property is this?
Apartment building - 18-unit apartment complex with value-add potential in Castro Valley.
Where is this apartment building located?
The property is located at Denning Ct Castro Valley, CA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: - Substantial NOI growth potential (projected 54%) through unit renovations upon turnover.; - Rare opportunity: First time on the market in nearly 20 years.; - Strategically located adjacent to Sutter Health Eden Medical Center.
More about this property
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