2540 Grove Way
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2540 Grove Way
7 Unit Block of Flats £1,447,533 (£206,790/Unit) Castro Valley, CA 94546
Investment Highlights
- $309 / Square Foot
- Owners Unit with Garage and Backyard
- On-site Parking, Laundry & Storage
Executive Summary
Colliers is pleased to present 2540 Grove St, situated on the border of Castro Valley & Hayward, a highly sought-after area for multifamily assets in the East Bay. Located proximate to I-580 & and Castro Valley BART station, the property benefits being close to major highway arteries and public transportation that connect to San Francisco, Silicon Valley and rest of the East Bay. Located just up the street from Trader Joe’s, the property is also just one mile away from the Castro Village Shopping Center, offering a diverse array of major eateries and shopping options such TJ Maxx, Ross, Safeway, Walgreens and more.
2540 Grove Way is a mid-1960’s apartment community that is comprised of (7) 2-Bedroom, 1-Bathroom units, with an average unit size of 850 SF. Amenities include parking, on-site laundry facility, private storage lockers, and large spacious units. This is an ideal value add opportunity for an owner/user or an investor to purchase a phenomenally located apartment property and provide moderate renovations.
Investment Highlights:
• Day 1 Upside
• No Local Rent Control
• $264,286 / Unit
• $309 / Square Foot
Property Highlights:
• All 2 Bedroom Units
• Owners Unit with Garage and Backyard
• On-site Parking, Laundry & Storage
• 13,788 SF Lot
2540 Grove Way is a mid-1960’s apartment community that is comprised of (7) 2-Bedroom, 1-Bathroom units, with an average unit size of 850 SF. Amenities include parking, on-site laundry facility, private storage lockers, and large spacious units. This is an ideal value add opportunity for an owner/user or an investor to purchase a phenomenally located apartment property and provide moderate renovations.
Investment Highlights:
• Day 1 Upside
• No Local Rent Control
• $264,286 / Unit
• $309 / Square Foot
Property Highlights:
• All 2 Bedroom Units
• Owners Unit with Garage and Backyard
• On-site Parking, Laundry & Storage
• 13,788 SF Lot
Property Facts
| Price | £1,447,533 | Building Class | C |
| Price Per Unit | £206,790 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 21,068 SF |
| No. Units | 7 | Average Occupancy | 97% |
| Property Type | Residential | Number of Floors | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low Rise | Parking Ratio | 1/1,000 SF |
| Price | £1,447,533 |
| Price Per Unit | £206,790 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 21,068 SF |
| Average Occupancy | 97% |
| Number of Floors | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 850 - 900 |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 416-0040-039-00 | Improvements Assessment | £870,638 |
| Land Assessment | £299,372 | Total Assessment | £1,170,010 |
PROPERTY TAXES
Parcel Number
416-0040-039-00
Land Assessment
£299,372
Improvements Assessment
£870,638
Total Assessment
£1,170,010
zoning
| Zoning Code | N/Av, Hayward |
| N/Av, Hayward |
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2540 Grove Way
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