25
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Listed by Compass
$1,795,000
Est. payment /mo
5,718 SqFt
Open Tue 11:30AM-1PM
2536 Grove Way Castro Valley, CA 94546
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Open House
Tue Aug 18, 11:30am - 1:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,718 sqft
Price per Sqft $313
MLS Listing ID ML82057220
HOA Y/N No
Year Built 1972
Lot Size 6,012 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Free from local rent ordinances! 2536 Grove Way is a five-unit multifamily offering in unincorporated Alameda County: a single-family home fronting Grove Way plus a detached two-story four-unit apartment building behind it, giving investors a diversified, low-maintenance unit mix without the operational complexity of a larger asset. Unit interiors show real pride of ownership. Each apartment includes its own in-unit washer/dryer, a private yard or deck, and an assigned carport, with some kitchens and bathrooms already updated for modern living and lower near-term turnover costs. The single-family home at 2534 Grove Way adds its own attached garage, forced-air heat, and a distinct floor plan that broadens tenant appeal. Main electrical service at both structures has been upgraded to 100-amp panels, and roofs are reported at roughly 10-15 years old key capital items already addressed. Combined, the five units produce $13,423/month, or $161,076 annualized, in gross rent. Location is a strength: just off Castro Valley Boulevard, with easy access to Lake Chabot, Don Castro Regional Recreation Area, Castro Valley BART, and I-580. DO NOT DISTURB TENANTS
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate
Fireplace No
Appliance Refrigerator
Exterior
Handicap Access Other