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Bailey Properties
2504 Denning Ct, Castro Valley, CA 94546
- $4,300,000
Listed by Joseph Owens, (925) 808-9098 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Peter Whang from RBT
- Sold Price
- $4,300,000
- List Price
- $4,850,000
- Closing Date
- Feb 10, 2026
- MLS#
- EB41107825
- Status
- SOLD
- Lot Size
- 23,700
- Listing Area
- Castro Valley
- Year Built
- 1961
Property Description
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.
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Additional Information
- Acres
- 0.54
- Age
- 64
- Amenities
- Balcony/Patio
- Cooling System
- Other
- Exterior Features
- Stucco, Wood Frame
- Floor Covering
- Other
- Garage Parking
- Parking Area
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Washer, Washer/Dryer - Owned, Dryer
- Lot Description
- Grade - Level
- Lot Size
- 23,700
- Neighborhood
- Castro Valley
- Numberof Units
- 18
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
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