CA > Castro Valley
Castro Valley, CA 94546,2504 Denning Ct
Castro Valley, CA 94546,2504 Denning Ct
Castro Valley, CA 94546,2504 Denning Ct
Castro Valley, CA 94546,2504 Denning Ct
Castro Valley, CA 94546,2504 Denning Ct
Castro Valley, CA 94546,2504 Denning Ct
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James Olvera

James Olvera

The Warburton Team

+1(909) 760-9091
$ 4,850,000
Est. payment | /mo

0.54 Acres Lot

Save Virtual Tour
$ 4,850,000
Est. payment | /mo
Save Virtual Tour

0.54 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41107825

HOA Y/N No

Year Built 1961

Annual Tax Amount $69,363

Lot Size 0.544 Acres

Property Sub-Type Apartment

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

Interior

Heating Natural Gas, Wall Furnace

Cooling See Remarks

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

Total Parking Spaces 26

Building

Lot Description Street Level

Others

Tax ID 84A18183

Virtual Tour https://bit.ly/2504DenningCt

CRMLS – RECore
Listed by Joseph Owens Marcus & Millichap

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