2275 Grove Way

Castro Valley, CA 94546

$12,950,000
Price
—
Beds
—
Baths
35,164 Sq. Ft.
$368 / Sq. Ft.
35,164
Sq. Ft.
$368
per Sq. Ft.
New
New

Description

Terra Castro Valley is a 37-unit apartment community in the desirable city of Castro Valley, California, situated on a 1.56-acre parcel and originally constructed in 1964 with approximately 35,164 square feet of building area. The property offers well-designed two-bedroom townhouse and one-bedroom floor plans and has undergone extensive capital improvements, with select units featuring updated kitchens, granite countertops, stainless steel appliances, hardwood-style flooring, and renovated bathrooms....Terra Castro Valley is a 37-unit apartment community in the desirable city of Castro Valley, California, situated on a 1.56-acre parcel and originally constructed in 1964 with approximately 35,164 square feet of building area. The property offers well-designed two-bedroom townhouse and one-bedroom floor plans and has undergone extensive capital improvements, with select units featuring updated kitchens, granite countertops, stainless steel appliances, hardwood-style flooring, and renovated bathrooms. Centrally located in the East Bay between Oakland, San Francisco, and San Jose, the property offers a commuter-friendly location with easy access to the San MateoHayward and Dumbarton Bridges, connecting residents to major tech employers in Santa Clara County. Known for strong schools, short commute times, and abundant shopping, dining, and entertainment, Castro Valley remains a highly sought-after market supported by strong employment fundamentals and low vacancy levels, making Terra Castro Valley an attractive investment opportunity.
  1. Listed by Adam S. Levin • DRE #01462752 • Brokerage DRE #01240999 • Marcus & Millichap • 650-492-0934
  2. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 2275 Grove Way

MLS City Name
CASTRO VALLEY
Garage Spaces
0
Parking Spaces
74
LISTING UPDATED: 01/27/2026 11:40 AM

Property Details for 2275 Grove Way

StatusActive
MLS #ML82032662
Days on CompassListed Today
Taxes$180,278 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size1.56 AC / 67,954 SF
CountyAlameda County

Location

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816
Add your commute

Building Information for 2275 Grove Way

Stories-Residences-Year Built1964Building Size-Lot Size1.56 AC / 67,954 SF

Payment Calculator

$78,139 per month

30 year fixed, 6.15% Interest

Principal and Interest

$63,116

Property Taxes

$15,023

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2275 Grove Way

Features
Features
  • Living SqFt: 35164
  • Pool: Yes
  • Pool Type: Pool - In Ground
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 37
  • Area Text: Castro Valley
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2275
  • Street Name: Grove
  • Street Suffix: Way
  • Area ID: 3300
Lot / Property Details
Building Information
  • Number of Buildings: 7
  • Structure SqFt: 35164
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Zoning Detail: 0
Location Information
  • Parcel Number: 415-0100-103
  • County Name: Alameda
  • City Name: CASTRO VALLEY
  • City Postal ID: 124
  • Postal Code: 94546
  • Elementary School District: 1368
  • High School District Text: Hayward Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 36
General Information
  • Annual Tax Amount: $180,278
  • Capitalization Rate: 4.91
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Parking, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $35,164
  • Expense Landscape: $0
  • Expense Maintenance: $18,500
  • Expense Management: $46,027
  • Expense Trash: $36,574
  • Expenses Other: $119,185
  • Expenses Utility: $33,213
  • Expenses Total: $468,941
  • Operating Expenses Include: Contract Services, Fee - License/Advertising, Fee - Property Tax, Maintenance, Services - Trash Removal, Utilities - Electric, Utilities - Water
  • Gross Rent Multiplier: 11.37
  • Income Annual Gross: $1,104,543
  • Income Annual Rental: $1,120,440
  • Income Gross Scheduled: $1,138,704
  • Income Other: $18,264

Property History for 2275 Grove Way

DateEvent & SourcePriceAppreciation
Jan 27, 2026

Listed (Active)

MLSListings #ML82032662

$12,950,000—
Aug 20, 2019

Sold

MLSListings #ML81754469

$12,900,000—
Aug 20, 2019

Sold

EBRD #ML81754469

$12,900,000—
Aug 12, 2019

Sold (Public Record)

Public Record #651789984

$12,900,000

+14.2% / yr

Jul 3, 2019

Pending

EBRD #ML81754469

—
Jul 3, 2019

Pending

MLSListings #ML81754469

—
May 31, 2019

Listed (Active)

EBRD #ML81754469

$13,000,000—
May 31, 2019

Listed (Active)

MLSListings #ML81754469

$13,000,000—
Jan 10, 2018

Sold (Public Record)

Public Record #614353978

$10,450,000

+6.1% / yr

Feb 6, 2002

Sold (Public Record)

Public Record #83921380

$4,050,000—
DateEvent & SourcePrice
01/27/2026

Listed (Active)

MLSListings #ML82032662

$12,950,000
08/20/2019

Sold

MLSListings #ML81754469

$12,900,000
08/20/2019

Sold

EBRD #ML81754469

$12,900,000
08/12/2019

Sold (Public Record)

Public Record #651789984

$12,900,000

+14.2% / yr

07/03/2019

Pending

EBRD #ML81754469

—
07/03/2019

Pending

MLSListings #ML81754469

—
05/31/2019

Listed (Active)

EBRD #ML81754469

$13,000,000
05/31/2019

Listed (Active)

MLSListings #ML81754469

$13,000,000
01/10/2018

Sold (Public Record)

Public Record #614353978

$10,450,000

+6.1% / yr

02/06/2002

Sold (Public Record)

Public Record #83921380

$4,050,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2275 Grove Way

Taxable ValueLand$4,221,411Additions$9,891,963Total$14,113,374
Tax Record2025$194,104 ($16,175 / month)
Home Facts
Total Finished SqFt35,164 SqFtAbove Grade Finished SqFt35,164 SqFtStories2Lot Size68,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1970CountyALAMEDAAPN415-100-103

Schools near 2275 Grove Way

This home is within Hayward Unified School District.
Rating
School
Type
Grades
Distance
Fairview Elementary School
Public - K to 6
Bret Harte Middle School
Public - 7 to 8
Hayward High School
Public - 9 to 12
Faith Ringgold School of Arts and Science
Public - K to 8
Rating
School
Distance
Fairview Elementary School
PublicK to 6

Bret Harte Middle School
Public7 to 8

Hayward High School
Public9 to 12

Faith Ringgold School of Arts and Science
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2275 Grove Way, Castro Valley, CA 94546

2275 Grove Way is a multi-family home for sale in Castro Valley, CA 94546. This listing's school district is Hayward Unified School District. Nearby schools include Fairview Elementary School, Bret Harte Middle School and Hayward High School. 2275 Grove Way is a 0-bed, 0-bath, 35,164 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Robert Johnston, DRE #01853816

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.