2504 Denning Ct, Castro Valley, CA 94546
  • MLS#: 41107825 ( Apartment )
  • Street Address: 2504 Denning Ct
  • Viewed: 13
  • Price: $4,850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 116
  • Additional Information
  • County: ALAMEDA
  • City: Castro Valley
  • Zipcode: 94546
  • Subdivision: None
  • Provided by: Marcus & Millichap
  • Contact: Joseph Joseph
  • California Regional MLS IDX
  • DMCA Notice
  • 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 todays market. The assets 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 owners commitment to maintaining the assets 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.
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Features
Appliances
  1. Gas Water Heater
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
  2. Wood Siding
Cooling
  1. See Remarks
Days On Market
  1. 106
Heating
  1. Natural Gas
  2. Wall Furnace
Laundry Features
  1. Dryer Included
  2. Washer Included
Lot Features
  1. Level with Street
Netoperatingincome
  1. 248127.00
Parcel Number
  1. 84A18183
Property Type
  1. Apartment
Sourcesystemkey
  1. 41107825:BMLS
Subdivision Name Other
  1. None
Tenant Pays
  1. Gas
Views
  1. 13
Year Built
  1. 1961