20259 Anita Ave - Apartments FOR SALE


Castro Valley, CA 94546
$2,000,000 USD
415-532-3161
20259 Anita Ave, Castro Valley, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/19
null | 5.45% Cap Rate

20259 Anita Ave
Castro Valley, CA 94546


HIGHLIGHTS

  • Six-unit apartment community featuring two (2) three-bedroom/two-bathroom units and four (4) two-bedroom/ one-bathroom units
  • Includes five uncovered parking spaces, seven private garages, in-unit washers and dryers, private patios in select units, and a shared backyard
  • Brand new paint, new pitched composition roof & electrical work
  • Within walking distance of Eden Medical Center, minutes from BART, and easy access to Highways 580, 880, and 92
  • Close to Castro Village shopping district, Lake Chabot, the San Leandro Museum and Art Gallery, theaters, and a variety of restaurants and cafés

OVERVIEW

20259 Anita Avenue is an exceptional six-unit apartment community located in the heart of Castro Valley, CA. Originally constructed in 1977, this well-maintained two-story building spans approximately 5,888 square feet (per county assessor) and offers a highly desirable unit mix, consisting of two (2) three-bedroom, two-bathroom units and four (4) two-bedroom, one-bathroom units. The property sits on a raised perimeter concrete slab foundation and features a gable-style asphalt shingle roof. Plumbing consists of a combination of galvanized and copper lines. The electrical infrastructure includes a Sylvania main panel, with sub-panels consisting of ITE and Murray components. Designed with tenant convenience in mind, the property offers five uncovered parking spaces and seven private garages, along with in-unit washers and dryers in each apartment. Select units include private patios, while a shared backyard provides additional outdoor space for residents to enjoy. With its attractive unit mix, tenant-friendly amenities, and outstanding accessibility, 20259 Anita Avenue presents an excellent opportunity for investors seeking a stable, well-located multifamily asset in one of the East Bay’s most sought-after rental markets.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

6

PRICE/UNIT

$333,333

CAP RATE

5.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

-

APN/PARCEL ID

084A-0130-061-02

ASK ABOUT THIS PROPERTY

Marshall WardCompassMore Info
415-532-3161

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Marshall WardCompassMore Info
415-532-3161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.