20324 Forest Ave - Apartments FOR SALE


Castro Valley, CA 94546
$6,150,000 USD
510-599-4410
20324 Forest Ave, Castro Valley, CA for Sale
$6,150,000 USD
Apartments - FOR SALE
1/17
null | 5.81% Cap Rate

20324 Forest Ave
Castro Valley, CA 94546


HIGHLIGHTS

  • Exceptional Castro Valley Investment Opportunity
  • Desirable Unit Mix
  • Situated Within Walking Distance to Castro Valley Shopping Center
  • Excellent Transportation Corridors
  • Strong Employment Base

OVERVIEW

20324 Forest Ave is an exceptional 20-unit apartment community located in the thriving city of Castro Valley, California. Situated on a 37,600 square foot parcel, the property was originally constructed in 1965 and features approximately 16,856 square feet of gross building area, offering tenants well-designed two-bedroom townhouse-style floor plans. Located in the heart of the East Bay, the property’s commuter-friendly setting provides convenient access to the Bay Area’s major employment hubs while still offering a sense of tranquility. Castro Valley is ideally positioned between Oakland, San Francisco, and San Jose, making it a highly desirable location for young families due to its short commute times, strong schools, and overall quality of life. Residents enjoy abundant shopping, dining, and entertainment options just minutes away, along with easy access to the San Mateo–Hayward Bridge and Dumbarton Bridge, allowing for a quick commute to Silicon Valley and major tech employers such as Google, Facebook, Apple, Salesforce, Visa, and Sony. The investment appeal of this asset is driven by Castro Valley’s strong employment fundamentals, low vacancy levels, and world-class East Bay location, making 20324 Forest Ave an attractive opportunity for investors seeking proximity to major employers, transportation corridors, and lifestyle amenities.

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

20

PRICE/UNIT

$307,500

CAP RATE

5.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,016 SF

ZONING

-

APN/PARCEL ID

084C-0713-024-00

ASK ABOUT THIS PROPERTY

Adam RichardsonMarcus & MillichapMore Info
510-599-4410

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Adam RichardsonMarcus & MillichapMore Info
510-599-4410

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