10
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Listed by Joseph Owens • Marcus & Millichap
$4,850,000
Est. payment /mo
6 Beds
2 Baths
15,340 SqFt
Price Dropped by $400K
2504 Denning Ct Castro Valley, CA 94546
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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 $316
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 Price Change, Not Applicable
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