2540 Grove Way
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2540 Grove Way
7 Unit Apartment Building $2,676,025 CAD ($382,289 CAD/Unit) Castro Valley, CA 94546
INVESTMENT HIGHLIGHTS
- $309 / Square Foot
- Owners Unit with Garage and Backyard
- On-site Parking, Laundry & Storage
EXECUTIVE SUMMARY
Tour Date - Saturday, February 22, 2025 from 9am to 11am.
Call for Offers - Wednesday, March 5, 2025 by 5PM PST.
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
Call for Offers - Wednesday, March 5, 2025 by 5PM PST.
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
PROPERTY FACTS
| Price | $2,676,025 CAD | Building Class | C |
| Price Per Unit | $382,289 CAD | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 21,068 SF |
| No. Units | 7 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low Rise | Parking Ratio | 1/1,000 SF |
| Price | $2,676,025 CAD |
| Price Per Unit | $382,289 CAD |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 21,068 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
UNIT AMENITIES
- Fireplace
- Tile Floors
- Kitchen
- Refrigerator
- Tub/Shower
- Freezer
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Walk-Up
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 | $1,591,095 CAD |
| Land Assessment | $547,103 CAD | Total Assessment | $2,138,197 CAD |
PROPERTY TAXES
Parcel Number
416-0040-039-00
Land Assessment
$547,103 CAD
Improvements Assessment
$1,591,095 CAD
Total Assessment
$2,138,197 CAD
ZONING
| Zoning Code | N/Av, Hayward |
| N/Av, Hayward |
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2540 Grove Way
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