2536 Grove Way
Castro Valley, CA 94546
Multifamily Property For Sale · 5 Units

Situated in Unincorporated Alameda County, 2536 Grove Way is a five-unit multifamily offering in Castro Valley. The property is composed of a single-family home fronting Grove Way and a detached, two-story four-unit apartment building set behind it, giving an investor a diversified, low-maintenance unit count without the operational complexity of a larger asset.
Unit interiors show real pride of ownership. Each of the four apartment units comes with its own in-unit washer and dryer, a private back yard or deck, and an assigned carport — amenities that are hard to find in a building of this size and vintage. Kitchens and bathrooms throughout the property have been recently updated, giving tenants a modern living experience while keeping near term turnover costs low for ownership.
The single-family home at 2534 Grove Way rounds out the offering with its own attached garage and forced-air heating, a distinct floor plan that broadens the property’s appeal to a wider range of renters. Main electrical service at both structures has been upgraded to 100-amp panels, and the roofs are reported to be roughly 10–15 years old — the kind of capital items a buyer likes to see already addressed.
Combined, the five units currently produce $13,423 per month, or $161,076 annualized, in gross rent. Location is a real strength as well: the property sits just off Castro Valley Boulevard, the commercial spine of the community, with easy access to Lake Chabot and Don Castro Regional Recreation Area, Castro Valley BART, and I-580 — giving tenants a quieter, more residential setting with a fast commute to Oakland, the Tri-Valley, and the rest of the East Bay. That unincorporated county location also means no local rent control ordinance applies — only the statewide AB 1482 rent cap. For an investor looking for a well-maintained Bay Area multifamily property with in-place income today, 2536 Grove Way is worth a closer look.