Terra Castro Valley 2275 Grove Way 37 Unit Apartment Building $12,950,000 ($350,000/Unit) 5.25% Cap Rate Castro Valley, CA 94546

Terra Castro Valley is a stunning 37-unit apartment community located in the thriving city of Castro Valley, California. Situated on a large 1.56-acre parcel, the property was originally constructed in 1964 and features a gross building area of approximately 35,164 square feet, offering tenants beautifully designed two-bedroom townhouse and one-bedroom floor plans. Terra Castro Valley has recently undergone extensive capital improvements, with select units featuring updated kitchens, granite countertops, stainless steel appliances, hardwood-style flooring, and updated bathrooms. Located in the highly desirable Castro Valley area of the East Bay, the property’s convenient location is a commuter’s dream—close enough to enjoy the energy of the greater Bay Area while still offering a sense of tranquility. The city is ideally positioned between three major employment hubs—Oakland, San Francisco, and San Jose—and is known for its short commute times, excellent schools, and strong appeal to young families. Shopping, dining, and entertainment options are abundant nearby, and easy access to the San Mateo–Hayward Bridge and Dumbarton Bridge provides a quick commute to Santa Clara County, home to major tech employers such as Google, Facebook, Apple, Salesforce, Visa, Sony, and many others. The investment appeal of Terra Castro Valley is driven by Castro Valley’s strong employment fundamentals and low vacancy levels, making this world-class East Bay location an attractive opportunity due to its proximity to major employers, transportation corridors, and everyday amenities.