Terra Castro Valley
Incredible Castro Valley Multifamily Asset
Marketing description
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 of land, the subject property was originally constructed in 1964 and has a gross building area of approximately 35,164 square feet, offering its tenants beautifully designed two-bedroom townhouse and one-bedroom floor plans. Additionally, Terra Castro Valley has recently undergone extensive capital improvements. Select units have updated kitchens, granite countertops, stainless steel appliances, hardwood-style flooring, and updated bathrooms.
Located in the thriving Castro Valley area of the East Bay, the subject property's convenient location is a commuter's dream, close enough to the exciting hustle and bustle of the Bay Area, and just far enough to relax in tranquility. The city is comfortably situated between three primary employment markets: Oakland, San Francisco, and San Jose. With its short commute times and great schools, Castro Valley is one of the most in-demand locations for young families to put down roots in the East Bay. Shopping, dining, and entertainment options are abundant within minutes of the subject property. Easy access to the San Mateo Hayward Bridge and the Dumbarton Bridge provides a quick commute to world-class Santa Clara County where tech employers, such as Google, Facebook, Apple, Salesforce, Visa, Sony as well as many others reside.
The investment appeal of this asset is driven by Castro Valley's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, Terra Castro Valley presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Investment highlights
- Incredible Castro Valley Multifamily Asset - Investors have the rare opportunity to acquire a well-situated multifamily asset in the thriving city of Castro Valley, CA.
- Extensive Capital Improvements - Terra Castro Valley has recently undergone extensive capital improvements including updated kitchens, granite countertops, stainless steel appliances, and hardwood-style flooring in select units.
- Desirable Unit Mix - Terra Castro Valley offers tenants and residents beautifully designed two-bedroom townhouse and one-bedroom floor plans.
- Situated Within Close Proximity to the Castro Valley Shopping Center - Featuring various recognizable retailers, restaurants, and entertainment options including Safeway, Ross, Walgreens, Chipotle, Chase Bank, Lucky's, Castro Valley Farmers Market, and many more.
- Strong Employment Base - Close proximity to many of the nation's top tech employers including Google, Facebook, Apple, Salesforce, Visa, Sony as well as many others.
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