About
About 1849 Knox
Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in 1849 Knox Street ("1849 Knox" or the "Property"), a 5-unit multifamily property with ±82% rental rate upside in Castro Valley, California. Built in 1965 and available for acquisition for the first time in 36 years, 1849 Knox represents a significant value-add opportunity with a market-proven $1,100+ per unit post-renovation premium.
Surrounded by two BART stations and major employers such as Sutter Health, Oracle, Workday, Kaiser and Roche Molecular Systems, Castro Valley has experienced 26% rent growth in the past 5 years. The Property’s instant access to the San Francisco Bay Area’s diversified economy combined with the area’s persistent housing imbalance is expected to result in 17% rent growth by 2025 while maintaining over 95% average occupancy. While located in Castro Valley, 1849 Knox is within the Hayward Unified School District boundaries. Available for acquisition at 28% below replacement cost, 1849 Knox presents the exceptional opportunity to capture significant rental upside in one of the San Francisco Bay Area’s most central and accessible locations.
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