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.
Property Details
Price:
$5,250,000
MLS #:
41107825
Status:
Active
Baths:
0
Address:
2504 Denning Ct
Type:
Residential Income
Subtype:
Apartment
City:
Castro Valley
Listed Date:
Aug 11, 2025
State:
CA
ZIP:
94546
Lot Size:
23,700 sqft / 0.54 acres (approx)
Year Built:
1961
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Schools
Interior
Appliances
Gas Water Heater
Cooling
See Remarks
Heating
Natural Gas, Wall Furnace
Exterior
Lot Features
Level with Street
Parking Spots
26.00
Financial
Association Fee
0.00
Taxes
$74,080
Tenant Pays
Gas
Map
Community
- Address2504 Denning Ct Castro Valley CA
- CityCastro Valley
- CountyAlameda
- Zip Code94546
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2504 Denning Ct
Castro Valley, CA
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