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.
Opportunity knocks to own this mixed-use building located in the prime downtown neighbored of Castro Valley. This mixed-use building features four versatile units, perfectly blending commercial and residential spaces to suit a variety of needs. The ground floor have two business spaces in the front and one residential unit in the back, while the top floor currently offers one residential unit. All four units are currently occupied by tenants. Being centrally located, this makes the building highly desirable and easy to rent. Situated on Anita Ave, this property resides in an accessible location granting proximity to major highways, public transportation like the Castro Valley Bart, hospitals, medical offices, schools, shopping, dining, and recreational options.
Take Advantage of this Great Investment Opportunity – Zoned for Multiple Units...Mixed Use Property in Residential Neighborhood on 17,392 Sq. Ft. Lot - Dance Studio + Office + Half Bath in Front with 10 Parking Spaces…Residence in Rear with 3 Bedrooms 2 Baths plus 2 Car Detached Garage behind House. Combined Square Footage for Both Buildings is 2,344 Sq. Ft.
The median home value in Castro Valley, CA is $1,155,000. This is higher than the county median home value of $1,034,400. The national median home value is $338,100. The average price of homes sold in Castro Valley, CA is $1,155,000. Approximately 69.95% of Castro Valley homes are owned, compared to 26.71% rented, while 3.35% are vacant. Castro Valley real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Castro Valley real estate agent to arrange a tour today!
Castro Valley, California has a population of 66,324. Castro Valley is less family-centric than the surrounding county with 34.96% of the households containing married families with children. The county average for households married with children is 36.75%.
The median household income in Castro Valley, California is $124,203. The median household income for the surrounding county is $112,017 compared to the national median of $69,021. The median age of people living in Castro Valley is 42.4 years.
The average high temperature in July is 75.6 degrees, with an average low temperature in January of 41.6 degrees. The average rainfall is approximately 21.3 inches per year, with 0 inches of snow per year.