2504 Denning Ct, Castro Valley, CA 94546
- $4,300,000
- Sold Price
- $4,300,000
- List Price
- $4,850,000
- Closing Date
- Feb 10, 2026
- Status
- CLOSED
- MLS#
- 41107825
- Year Built
- 1961
- Lot Size
- 23,700
- Acres
- 0.54
- Lot Location
- Street Level
- Days on Market
- 98
- Property Type
- Multifamily
- Property Sub Type
- Apartment
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
- Taxes
- $69,363
- Appliances
- Gas Water Heater, Dryer, Washer
- Heat
- Natural Gas, Wall Furnace
- Cooling
- Yes
- Cooling Description
- See Remarks
- Exterior Construction
- Stucco, Wood Siding
- Attached Structure
- Detached
- Number Of Units Total
- 18
- Gross Scheduled Income
- $391,326
Listing courtesy of Listing Agent: Joseph Owens (joe.owens@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Peter Whang from Real Brokerage Technologies
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.