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20324 Forest Ave 20 Unit Apartment Building $8,496,532 CAD ($424,827 CAD/Unit) 5.81% Cap Rate Castro Valley, CA 94546
INVESTMENT HIGHLIGHTS
- Exceptional Castro Valley Investment Opportunity
- Situated Within Walking Distance to Castro Valley Shopping Center
- Strong Employment Base
- Desirable Unit Mix
- Excellent Transportation Corridors
EXECUTIVE SUMMARY
20324 Forest Ave is an exceptional 20-unit apartment community located in the thriving city of Castro Valley, California. Situated on a 37,600 square foot parcel, the property was originally constructed in 1965 and features approximately 16,856 square feet of gross building area, offering tenants well-designed two-bedroom townhouse-style floor plans. Located in the heart of the East Bay, the property’s commuter-friendly setting provides convenient access to the Bay Area’s major employment hubs while still offering a sense of tranquility. Castro Valley is ideally positioned between Oakland, San Francisco, and San Jose, making it a highly desirable location for young families due to its short commute times, strong schools, and overall quality of life. Residents enjoy abundant shopping, dining, and entertainment options just minutes away, along with easy access to the San Mateo–Hayward Bridge and Dumbarton Bridge, allowing for a quick commute to Silicon Valley and major tech employers such as Google, Facebook, Apple, Salesforce, Visa, and Sony. The investment appeal of this asset is driven by Castro Valley’s strong employment fundamentals, low vacancy levels, and world-class East Bay location, making 20324 Forest Ave an attractive opportunity for investors seeking proximity to major employers, transportation corridors, and lifestyle amenities.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $8,496,532 CAD | Property Subtype | Apartment |
| Price Per Unit | $424,827 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.81% | Lot Size | 0.86 AC |
| Gross Rent Multiplier | 10.73 | Building Size | 16,856 SF |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Price | $8,496,532 CAD |
| Price Per Unit | $424,827 CAD |
| Sale Type | Investment |
| Cap Rate | 5.81% |
| Gross Rent Multiplier | 10.73 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 16,856 SF |
| No. Stories | 2 |
| Year Built | 1965 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 500 |
| 2+1.5 | 10 | - | 840 |
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PROPERTY TAXES
| Parcel Number | 084C-0713-005-03 | Improvements Assessment | $3,468,613 CAD |
| Land Assessment | $1,476,006 CAD | Total Assessment | $4,972,301 CAD |
PROPERTY TAXES
Parcel Number
084C-0713-005-03
Land Assessment
$1,476,006 CAD
Improvements Assessment
$3,468,613 CAD
Total Assessment
$4,972,301 CAD
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20324 Forest Ave
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