Investment Overview

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 of land, the subject property was originally constructed in 1965 and has a gross building area of approximately 16,856 square feet, offering its tenants beautifully designed two-bedroom townhouse floor plans. Located in the thriving Castro Valley area of the East Bay, the subject property's convenient location is a commuter’s dream, close enough to the exciting hustle and bustle of the Bay Area, and just far enough from it to relax in tranquility. The city is comfortably situated between three primary employment markets: Oakland, San Francisco, and San Jose. With its short commute times and great schools, Castro Valley is one of the most in demand locations for young families to put down roots in the East Bay. Shopping, dining and entertainment options are abundant within minutes of the subject property. Easy access to the San Mateo - Hayward Bridge and the Dumbarton Bridge provides a quick commute to the world class Silicon Valley where tech employers, such as Google, Facebook, Apple, Salesforce, Visa, Sony as well as many others reside within close proximity to the subject property. The investment appeal of this asset is driven by Castro Valley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 20324 Forest Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.