Active
20353 Park Way
Castro Valley CA, 94546
$16,500,000
$362.83 per sqft
Active
81 Beds
45,476 sqft
Townhomes
Built in 1964
Park Tower Townhomes & Apartments is a premier 52-unit multifamily investment opportunity nestled in the heart of Castro Valley, CA next to Eden Medical Center.Situated in one of the most coveted submarkets in the East Bay, this property offers a rare chance to acquire a multifamilyasset with more than 50 units in a highly desirable location. The property boasts spacious units with an avg. size of 808 SF, featuring a diverse unit mix to suit various tenant needs, including studios, 1-bedroom apartments, 2-bedroom, 1.5-bathroom townhomes, and 3-bedroom, 2.5-bathroom townhomes. With 89% of the units renovated to showcase contemporary finishes such as stone countertops, stainless steel appliances, luxury vinyl flooring and in-unit laundry, the property commands an impressive avg. in-place rent of $2,402. Sixunits remain in classic condition and provide opportunity forrental income upside. The property featuresan array of upscale amenities, including a recently renovated gym, a heated swimming pool with outdoor lounging areas, community bathrooms that featureshowers andchanging stalls, ample off-street parking, an on-site laundry facility equipped with a Stockwell vending machine and a formal entry lobby/leasing office.
424075446
MLSⓇ ID
October 22, 2024
Listed
October 23, 2024
Updated
Map
20353 Park Way
Castro Valley CA, 94546
Interior Features
Total Stories
2
Bedrooms
81
Appliances
Free-Standing Electric Oven, Free-Standing Electric Range, Free-Standing Freezer, Free-Standing Refrigerator, Varies By Unit
Laundry Description
Coin Operated, Common Area, In Unit, Washer/Dryer Hookups
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Electric, Wall Furnace
Exterior/Building Features
Lot Size
1.88 Acres
Lot Features
Other
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Area Name
Castro Valley
Garage
No
Parking
Off Street
Parking Total
81
View
No
County
Alameda
Water Source
Public
Pool
No
Pool Features
Outdoor Pool
Listed by Keith Manson with CBRE
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 10/23/2024.
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Data last updated 10:41 AM UTC, 10/23/2024