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15,340 sqft

$4,300,000

2504 Denning Ct, Castro Valley CA, 94546

Price per sqft$280.31
Built in1961
Property size15,340 sqft
Property typeCommercial

Overview

Sold

Listed Aug 11, 2025

Updated Jun 1

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.

Additional information

MLS® ID
41107825

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.54 Acres
MLS provider logo

Listed by Joseph Owens, with Marcus & Millichap
Listing Contact: 925-808-9098 

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