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Property summary
This exceptional 52-unit apartment building presents a compelling value-add investment opportunity in Castro Valley, CA. Boasting a 6.15% cap rate and a pro-forma cap rate of 6.85%, this property offers significant upside potential. The 45,476 square foot building, constructed in 1964, sits on a 1.88-acre lot and features 81 parking spaces. The property comprises a mix of apartment and townhome-style units, with over half featuring 2-bedroom/1.5-bathroom or 3-bedroom/2.5-bathroom layouts. … Units average approximately 1808 square feet. Currently, 89% of the units have been renovated, with an average in-place rent of $2,371 per unit. Six units remain to be renovated, presenting a clear path to increase NOI. The property benefits from its location adjacent to Sutter Health Eden Medical Center, a major local employer, and the absence of local rent control, subject only to AB 1482 restrictions. The current NOI is $1,014,516, with a pro-forma NOI of $1,130,742. The asking price is $16,500,000, translating to a price per unit of $317,307.69 and a price per square foot of $362.83. The property also offers potential for additional unit creation through ADU conversions. Castro Valley's strong rental market, with average rent growth of 80% over the last 10 years and an average occupancy rate of 96%, further enhances the investment appeal. This property represents a rare opportunity to acquire a substantial multifamily asset in a desirable location with considerable growth potential. The property's APN is 084A-0181-042.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 45,476 SF
- Lot area
- 1.88 ac
- Year built
- 1964
- Stories
- 2
- APN
- 84A-181-42
- Assessed value · 2024
- $14,036,956
- Annual tax · 2023
- $195,324
- Neighborhood: Shopping Center
- Medical Building
- Office Building
- Auto Repair, Garage
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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