Sold

2504 Denning Ct, Castro Valley, CA 94546

Sqft
15,340

View property features, location on map, relevant school information and overview from seller's agent.

Listed byMarcus & Millichap
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Overview

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

Full feature list

Basic info

Property type
Multi-family
Square feet
15,340
Lot size (acres)
0.54
Year built
1961

Utilities

Heating
Natural gas, Wall furnace
Cooling
Other

Public schools

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Sourced from: Bay East Association of REALTORS MLS®#: 41107825 Last checked:

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