2275 Grove Way - Apartments FOR SALE


Castro Valley, CA 94546
$12,950,000 USD
650-492-0934
2275 Grove Way, Castro Valley, CA for Sale
$12,950,000 USD
Apartments - FOR SALE
1/31
null | 5.25% Cap Rate

2275 Grove Way
Castro Valley, CA 94546


HIGHLIGHTS

  • Incredible Castro Valley Multifamily Asset
  • Extensive Capital Improvements
  • Desirable Unit Mix
  • Situated Within Close Proximity to the Castro Valley Shopping Center
  • Strong Employment Base

OVERVIEW

Terra Castro Valley is a stunning 37-unit apartment community located in the thriving city of Castro Valley, California. Situated on a large 1.56-acre parcel, the property was originally constructed in 1964 and features a gross building area of approximately 35,164 square feet, offering tenants beautifully designed two-bedroom townhouse and one-bedroom floor plans. Terra Castro Valley has recently undergone extensive capital improvements, with select units featuring updated kitchens, granite countertops, stainless steel appliances, hardwood-style flooring, and updated bathrooms. Located in the highly desirable Castro Valley area of the East Bay, the property’s convenient location is a commuter’s dream—close enough to enjoy the energy of the greater Bay Area while still offering a sense of tranquility. The city is ideally positioned between three major employment hubs—Oakland, San Francisco, and San Jose—and is known for its short commute times, excellent schools, and strong appeal to young families. Shopping, dining, and entertainment options are abundant nearby, and easy access to the San Mateo–Hayward Bridge and Dumbarton Bridge provides a quick commute to Santa Clara County, home to major tech employers such as Google, Facebook, Apple, Salesforce, Visa, Sony, and many others. The investment appeal of Terra Castro Valley is driven by Castro Valley’s strong employment fundamentals and low vacancy levels, making this world-class East Bay location an attractive opportunity due to its proximity to major employers, transportation corridors, and everyday amenities.

FOR SALE DETAILS

PRICE

$12,950,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

37

PRICE/UNIT

$350,000

CAP RATE

5.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Terra Castro Valley

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

68,002 SF

ZONING

RS D25

APN/PARCEL ID

415-0100-103-00

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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