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. Critically, the property benefits from Castro Valley’s exemption from local rent control ordinances, subject only to California state regulations, providing investors with enhanced operational flexibility and rent growth potential. This regulatory advantage, combined with the property’s large unit sizes, desirable outdoor space, and prime location adjacent to a major medical facility, creates multiple value creation pathways including unit upgrades, amenity enhancements, and strategic rent optimization that can drive substantial returns through both income growth and asset appreciation.