2275 Grove Way, Castro Valley, CA 94546

$11,900,000

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List Price
$11,900,000
Price Change
▼ $580,000 1788240401
Status
ACTIVE
MLS#
ML82032662
Year Built
1964
Lot Size
67,954
Acres
1.56
Days on Market
233
Property Type
Commercial

Property Description

Terra Castro Valley is a 37-unit apartment community in the desirable city of Castro Valley, California, situated on a 1.56-acre parcel and originally constructed in 1964 with approximately 35,164 square feet of building area. The property offers well-designed two-bedroom townhouse and one-bedroom floor plans and has undergone extensive capital improvements, with select units featuring updated kitchens, granite countertops, stainless steel appliances, hardwood-style flooring, and renovated bathrooms. Centrally located in the East Bay between Oakland, San Francisco, and San Jose, the property offers a commuter-friendly location with easy access to the San MateoHayward and Dumbarton Bridges, connecting residents to major tech employers in Santa Clara County. Known for strong schools, short commute times, and abundant shopping, dining, and entertainment, Castro Valley remains a highly sought-after market supported by strong employment fundamentals and low vacancy levels, making Terra Castro Valley an attractive investment opportunity.

Additional Information

Taxes
$167,800
Heat
Wall Furnace
Cooling
Yes
Cooling Description
None
Roof
Composition
Water
Public
School District
Other
Attached Structure
Detached
Gross Scheduled Income
$1,142,771

Listing courtesy of Listing Agent: Adam S. Levin (alevin@marcusmillichap.com) from Listing Office: Marcus & Millichap.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.