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.
Property Details
Property Features
Property Information:
Year Built: 1964
Stories: 2
Living Area: 45,476 SqFt
Listing Office:
Office Name: CBRE
Office Phone: (510) 874-1900
Listing Agent: Keith Manson, Zachary W Greenwood
Interior Features
Interior Information:
Appliances: Electric Oven, Electric Range, Freezer, Refrigerator
Basement: No
Flooring Type: Carpet, Vinyl
Bedroom and Bathroom Information:
Total Bedroom Count: 81
Exterior Features
Parking Information:
Parking: Off Street
Lot Features
Lot Information:
Lot: Other
Lot Size: 1.88 Acres
Utilities
Utilities Information:
Heating: Electric, Wall Furnace
Cooling: Ceiling Fan(s)
Price Information
Listing Price Info
Price Summary:
List Price: $16,500,000
Price Per SqFt: $363/SqFt
Tax Information:
Annual Amount: $180,803
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Stanton Elementary School
2644 Somerset Ave
Distance between this listing and this school0.38 miles
Public District Grades KG-5
6
/10
Castro Valley Elementary School
20185 San Miguel Ave
Distance between this listing and this school0.40 miles
Public District Grades KG-5
7
/10
Chabot Elementary School
19104 Lake Chabot Rd
Distance between this listing and this school0.76 miles
Public District Grades KG-5
Nearby Schools
9
/10
Creekside Middle School
19722 Center St
Distance between this listing and this school1.59 miles
Public District Grades 6-8
2
/10
Faith Ringgold School of Arts and Science
1570 Ward St
Distance between this listing and this school1.60 miles
Public District Grades KG-8
2
/10
Edendale Middle School
16160 Ashland Ave
Distance between this listing and this school1.61 miles
Public District Grades 6-8
Nearby Schools
9
/10
Castro Valley High School
19400 Santa Maria Ave
Distance between this listing and this school0.86 miles
Public District Grades 9-12
3
/10
Redwood Continuation High School
18400 Clifton Way
Distance between this listing and this school1.19 miles
Public District Grades 9-12
7
/10
Castro Valley Virtual Academy
18400 Clifton Way
Distance between this listing and this school1.20 miles
The neighbors living near this home have an average income of $50,363. Typical income of Alameda County, CA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20353 Park Way
What is the listing price of this property?
The listing price of 20353 Park Way property is $16,500,000.
What type of property is this?
The property 20353 Park Way is a townhouse located in Castro Valley, California, 94546.
Is this property for sale now?
Active Listing: 20353 Park Way is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $180,803 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 25, 2015 for $11,900,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 20353 Park Way has 81 bedrooms.
What is the square footage of this property?
The property 20353 Park Way is 45,476 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 20353 Park Way is 1964.
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This home is located at 20353 Park Way in Castro Valley, CA and zip code 94546 in the Castro Valley neighborhood. This 45,476 square foot home, which was built in 1964, sits on a 1.88 acre lot. Features: 81 bedrooms. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $16,500,000.
In November 2024, from all listings sold in Alameda County, CA there were more than 468 sold above asking price, over 203 sold below and more than 64 were sold right at the asked price. The number of listings in Alameda County, CA decreased by 17.7% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,145,512, while the average time on the real estate market was 29 days.
From Rocket Homes Real Estate and based on county public records data.
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 
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