About 2531 Grove
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire 2531 Grove Way (the "Property"), a newly renovated multifamily community situated in one of the East Bay’s most sought-after submarkets and with no local rent control ordinance. Comprised of (10) two-bedroom townhouse-style apartment homes, the Property has been repositioned to provide one of the premier rental living experiences in the Castro Valley area by offering fully upgraded condominium-quality interiors, in-unit washers/dryers, private individual yards and private garages.
Surrounded by major employers such as Sutter Health, Oracle, Workday, Kaiser and Roche Molecular Systems, 2531 Grove Way experienced a remarkably successful post-renovation lease-up and boasts an average new resident household income of $140,000+ annually. The Property’s instant access to the nation’s top performing economy combined with the area’s severe housing imbalance is expected to result in 47% rent growth by 2029 which far outperforms similar, preferred inner Bay Area locations. 2531 Grove Way offers investors the rare opportunity to acquire a fully-featured and turnkey multifamily investment with embedded upside.