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2536 Grove Way
Castro Valley, CA 94546 East Outer Fremont

$1,795,000 USD

Apartments For Sale  •  5,295 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,718 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 6.06 %
  • Zoning RSD20, County
50 Transit Score
60 Walk Score

Highlights

Single-family home and a detached, two-story 4-plex on one lot, giving an investor a diversified unit mix and flexible exit options under one purchase
Interior Amenities — every unit includes its own in-unit washer/dryer, a private back yard or deck, and an assigned carport or garage.
Great Location — this property sits in Castro Valley and also unincorporated alameda county making the property free from local rent ordinances.
Recent upgrades — new roof in 2024 and new AC unit for single family home in 2026.
Tenant Bill Back — Ability to bill back tenants for utility usage. (Buyer to conduct their own due diligence)

Financial Summary (Actual)

Net Operating Income: $108,726 USD (2025)
Cap Rate: 6.06 %
Total Expenses: $47,518 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Washer/Dryer
  • Yard

Public Transportation

Commuter RailDriveWalkDistance
7 min - 2.5 mi
7 min - 2.5 mi
Transit/SubwayDriveWalkDistance
Castro Valley Station (Dublin/Pleasanton - Millbrae - Bay Area Rapid Transit (BART)) 5 min 17 min 0.9 mi
AirportDriveWalkDistance
Metro Oakland International 17 min - 10.7 mi
San Francisco International 34 min - 24.7 mi
Norman Y Mineta San Jose International 39 min - 29.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Tony Zizzo 650-770-8356 Compass Commercial
Tony Zizzo 650-770-8356 Compass Commercial