CA > Castro Valley
Castro Valley, CA 94546,2504 Denning Ct
Castro Valley, CA 94546,2504 Denning Ct
Castro Valley, CA 94546,2504 Denning Ct
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Joel Martinez

Joel Martinez

+1(831) 230-0059
Listed by Joseph Owens • Marcus & Millichap
$5,250,000
Est. payment /mo
6 Beds
2 Baths
15,340 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 15,340 sqft

Price per Sqft $342

MLS Listing ID EB41107825

Bedrooms 6

Year Built 1961

Lot Size 0.544 Acres

Property Sub-Type Five or More Units

Source Bridge MLS

Property Description

This rare offering presents an 18-unit apartment complex (15,340 SF) with substantial upside potential, marking its first availability in nearly 20 years. Built in 1961 and strategically located at the corner of Denning Court and Stanton Avenue adjacent to Sutter Health Eden Medical Center, the property features generously sized units averaging 852 square feet with significant private outdoor space - a premium amenity in today's market. The asset's strong operational foundation includes long-term, stable tenancy and meticulous maintenance standards that provide immediate cash flow while positioning the property for significant value creation. The property offers compelling value-add opportunities with projected 54% NOI growth potential through systematic unit renovations upon natural turnover. Recent capital improvements including a new flat roof (2025), upgraded copper plumbing, and completed sewer lateral work demonstrate the owner's commitment to maintaining the asset's structural integrity while reducing future capital expenditure requirements for the new owner. The common area laundry facility features owned machines, maximizing laundry income potential and eliminating lease obligations.

Location

State CA

County Alameda

Area Castro Valley

Interior

Heating Gas, Wall Furnace

Cooling Other

Flooring Other

Laundry Washer, Washer/Dryer - Owned, Dryer

Exterior

Exterior Feature Stucco, Wood Frame

Parking Features Parking Area

Garage Spaces 26.0

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public, Heater - Gas

Others

Tax ID 84A-181-83

Special Listing Condition New, Not Applicable

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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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