$ 4,850,000
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$4,850,000
Price -
0
Bed - Bath
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0
SqFt
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About the Listing BMLS-OBOMM 01 - BMLS-R01707768
This rare offering presents an 18-unit apartment complex (15,340 SF) with substantial upside potential, marking its first availability in nearly 20 years. Built in 1961 and strategically located at the corner of Denning Court and Stanton Avenue adjacent to Sutter Health Eden Medical Center, the property features generously sized units averaging 852 square feet with significant private outdoor space - a premium amenity in today’s market. The asset’s strong operational foundation includes long-term, stable tenancy and meticulous maintenance standards that provide immediate cash flow while positioning the property for significant value creation. The property offers compelling value-add opportunities with projected 54% NOI growth potential through systematic unit renovations upon natural turnover. Recent capital improvements including a new flat roof (2025), upgraded copper plumbing, and completed sewer lateral work demonstrate the owner’s commitment to maintaining the asset’s structural integrity while reducing future capital expenditure requirements for the new owner. The common area laundry facility features owned machines, maximizing laundry income potential and eliminating lease obligations.
Listing Highlights for 2504 Denning Ct
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances: Gas Water Heater, Dryer, Washer
- Air Cond: See Remarks
- Heating: Natural Gas,Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Street Level,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 26
- Roof:
- Others: Stucco,Wood Siding,2+ Total Units
- Sewer:
Financial Details
- Tax Amount: $69,363
- Taxes w/Assessments: N/A
- Tax/Property ID: 84A18183
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
2504 Denning Ct Castro Valley, CA 94546
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