20353 Park Way

Castro Valley, CA 94546

$16,500,000
Price
Beds
45,476 Sq. Ft.
$363 / Sq. Ft.
45,476
Sq. Ft.
$363
per Sq. Ft.

Description

Park Tower Townhomes & Apartments is a premier 52-unit multifamily investment opportunity nestled in the heart of Castro Valley, CA next to Eden Medical Center. Situated in one of the most coveted submarkets in the East Bay, this property offers a rare chance to acquire a multifamilyasset with more than 50 units in a highly desirable location. The property boasts spacious units with an avg. size of 808 SF, featuring a diverse unit mix to suit various tenant needs, including studios, 1-bedroom apartments,...Park Tower Townhomes & Apartments is a premier 52-unit multifamily investment opportunity nestled in the heart of Castro Valley, CA next to Eden Medical Center. Situated in one of the most coveted submarkets in the East Bay, this property offers a rare chance to acquire a multifamilyasset with more than 50 units in a highly desirable location. The property boasts spacious units with an avg. size of 808 SF, featuring a diverse unit mix to suit various tenant needs, including studios, 1-bedroom apartments, 2-bedroom, 1.5-bathroom townhomes, and 3-bedroom, 2.5-bathroom townhomes. With 89% of the units renovated to showcase contemporary finishes such as stone countertops, stainless steel appliances, luxury vinyl flooring and in-unit laundry, the property commands an impressive avg. in-place rent of $2,402. Sixunits remain in classic condition and provide opportunity forrental income upside. The property featuresan array of upscale amenities, including a recently renovated gym, a heated swimming pool with outdoor lounging areas, community bathrooms that featureshowers andchanging stalls, ample off-street parking, an on-site laundry facility equipped with a Stockwell vending machine and a formal entry lobby/leasing office.
  1. Listed by Keith Manson • DRE #01490046 • Brokerage DRE #00409987 • CBRE
  2. Listed by Zachary W Greenwood • DRE #01960296 • Brokerage DRE #00409987 • CBRE

Property Details for 20353 Park Way

Parking Features
Off Street
Cross Street
Castro Valley Boulevard
Total Parking Spaces
81
LISTING UPDATED: 10/22/2024 12:32 PM

Property Details for 20353 Park Way

StatusActive
MLS #424075446
Days on Compass60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1964
Lot Size1.88 AC / 81,701 SF
CountyAlameda County

Building Information for 20353 Park Way

Stories2Residences52Year Built1964Building Size-Lot Size1.88 AC / 81,701 SF

Property Information for 20353 Park Way

Summary
Location and General Information
  • Area/District: Castro Valley
  • Area Short Display: 3300
  • Location Description: Castro Valley
Taxes and HOA Information
  • APN: 084A-0181-042
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 81.0
  • Parking: Off Street
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Agent-Fill
  • Building Name: Park Tower Townhomes & Apartments
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Other
Property and Assessments
  • Property Condition: Updated/Remodeled, Varies by Unit
  • Possession: Close of Escrow
  • Picture Count: 42
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Disclosures/Documents: Disclosure Package Available
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 2
  • # of Guest Space(s): 0
  • # Of Buildings: 5
  • Stories: 2
  • Levels: Two
  • Patio And Porch Features: Balcony/Deck, Covered Patio, Enclosed Patio, Varies by Unit
  • Exterior Features: Swimming Pool
  • Window Features: Dual Pane Full
  • Roof: Bitumen
Interior Features
  • Heating: Electric, Wall Furnace
  • Appliances: Free Standing Electric Oven, Free Standing Electric Range, Free Standing Freezer, Free Standing Refrigerator, Varies By Unit
  • Laundry Features: Coin Operated, In Common Area, In Each Unit, Varies by Unit, Hookups Only
  • Basement: None
  • Cooling: Ceiling Fan(s)
  • Flooring: Carpet, Varies by Unit, Vinyl
  • Full Bathrooms: 0
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 24
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 24
2 Bedroom Unit
  • # of 2 Bedroom Units: 24
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 23
3 Bedroom Unit
  • # of 3 Bedroom Units: 3
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 3
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 10.19
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 101677.0
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 1
  • # of Studio Units: 1
  • # of Units: 52
  • # Of Units Total: 52
  • # Of Units Vacant: 1
  • # Of Units Leased: 51
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Rental
Rent Information
  • Lease Term: Varies By Unit
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%
  • Tenant Pays: Electricity, Gas, Parking Fee

Property History for 20353 Park Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 20353 Park Way

Taxable ValueLand$3,387,468Additions$10,649,488Total$14,036,956
Tax Record2024$199,687 ($16,641 / month)
Home Facts
Total Finished SqFt45,476 SqFtAbove Grade Finished SqFt45,476 SqFtStories2Lot Size81,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyALAMEDAAPN84A-181-42

Schools near 20353 Park Way

This home is within Castro Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Stanton Elementary School
PublicK to 5

Canyon Middle School
Public6 to 8

Creekside Middle School
Public6 to 8

Redwood Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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20353 Park Way is a multi-family home for sale in Castro Valley, CA 94546. This property was listed for sale on October 22, 2024 by CBRE, it's currently listed at $16,500,000. It has been on the market for a total of 60 days and was last sold on March 19, 2015. This listing's school district is Castro Valley Unified School District. Nearby schools include Stanton Elementary School, Canyon Middle School and Creekside Middle School. 20353 Park Way is a 0-bed, 0-bath, 45,476 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Keith Manson, DRE #01490046; CBRE, Zachary W Greenwood, DRE #01960296

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.