20353 Park Way | Castro Valley, CA 94546
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20353 Park Way
Castro Valley, CA 94546
Park Tower Townhomes & Apartments - 6.15% CAP · Multifamily Property For Sale · 52 Units
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Purchase 50+ Units in Castro Valley Adjacent to Sutter Health Eden Medical Center
- Average Rent In Castro Valley Provides a significant Discount to Other Bay Area Cities & Has Excellent Historical & Forecasted Rent Growth
- Potential to Increase Unit Count Through Accessory Dwelling Unit Conversion
- 52% of the Units are Townhome Style Units | Average Unit Size of ±808 Sq. Ft | 89% of Units Have Been Renovated
- No Local Rent Control - Only Subject to AB 1482 - Allowable Rent Increase for 2024 is 9.2%
- Strategic Access to All Major Employment Centers in The San Francisco Bay Area
PROPERTY FACTS
| No. Units | 52 | Building Size | 45,476 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.78/1,000 SF |
| Lot Size | 1.88 AC |
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 45,476 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.78/1,000 SF |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Dining Room
- Double Pane Windows
- Freezer
- Pantry
- Patio
- Vinyl Flooring
SITE AMENITIES
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Sauna
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $2,000 | 500 |
| 1+1 | 24 | $2,200 | 561 |
| 2+1.5 | 24 | $2,825 | 1,000 |
| 3+2 | 3 | $3,300 | 1,356 |
PROPERTY TAXES
| Parcel Number | 084A-0181-042-00 | Improvements Assessment | $10,626,467 |
| Land Assessment | $3,387,468 | Total Assessment | $14,036,956 |
PROPERTY TAXES
Parcel Number
084A-0181-042-00
Land Assessment
$3,387,468
Improvements Assessment
$10,626,467
Total Assessment
$14,036,956
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