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.
Multi-familyProperty Type
1964Year Built
1.56 acresLot Size
$338Price/Sq.Ft.
74 spacesParking
Listed by Adam S. Levin•DRE #01462752• Marcus & Millichap
Listed by Robert Johnston•DRE #01853816• Marcus & Millichap
South, located between Lake Chabot Regional Park and the Castro Valley BART station, is a residential and hillside Castro Valley neighborhood with winding streets and bay-facing views. The neighborhood’s character concentrates around the Castro Valley Boulevard and Redwood Road junction, where independent cafes, taquerias, and small storefronts set a steady, local rhythm. Architectural lines lean mid-century ranches and split-level homes, with pockets of newer infill along busier corridors. Lake Chabot’s trails and shoreline pull daily routines outdoors, while the BART station anchors commutes toward Oakland and San Francisco. Community touchstones include the Chabot Cinema, the Castro Valley Marketplace, and the Castro Valley Arts Foundation’s gallery and events. Terrain shifts from flatter blocks near the boulevard to steeper, tree-lined slopes toward the park.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Wall furnaces
Heating & cooling
Wall furnace heating
Exterior features
In-ground pool
Composition roof
Concrete slab foundation
Seven buildings
Tenant-paid utilities: electric and gas
Home design
Multi-unit property (37 units in complex)
Parking
Assigned parking spaces (74 total)
Construction
Composition roof
Concrete slab foundation
Seven buildings
Utilities
Public water
Sewer: public
Separate gas and water meters
Individual electric and gas meters
Financial info
Annual rental income approximately $1,120,440
Annual gross income approximately $1,104,543
Gross scheduled income approximately $1,138,704
Other income about $18,264
Total expenses about $456,057
Other expenses about $114,032
Utility expenses about $37,481
Trash expense about $37,325
Vacancy factor 3%
Gross rent multiplier 10.96
Other
Property primary ID 625156
Electricity and solar
View estimated energy costs and solar savings for this home
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82032662
Aug 31, 2026
Price Changed
$11,900,000
$338/sq ft
Aug 31, 2026
Price Changed
$11,900,000
$338/sq ft
Jul 22, 2026
Price Changed
$12,480,000
$355/sq ft
Jul 22, 2026
Price Changed
$12,480,000
$355/sq ft
Jan 27, 2026
Listed
$12,950,000
$368/sq ft
Jan 27, 2026
Listed
$12,950,000
$368/sq ft
+22
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.
RENTALBEAST #17
Mar 22, 2026
Rental Removed
$2,549
$0/sq ft
Mar 14, 2026
Price Changed
$2,549
$0/sq ft
Feb 6, 2026
Listed for Rent
$2,599
$0/sq ft
RENTALBEAST #16
Apr 1, 2026
Rental Removed
$2,499
$0/sq ft
Mar 23, 2026
Listed for Rent
$2,499
$0/sq ft
Feb 28, 2026
Rental Removed
$2,599
$0/sq ft
Feb 26, 2026
Listed for Rent
$2,599
$0/sq ft
Feb 6, 2026
Rental Removed
$2,599
$0/sq ft
Feb 4, 2026
Listed for Rent
$2,599
$0/sq ft
RENTALBEAST #15
Feb 3, 2026
Rental Removed
$2,599
$0/sq ft
Jan 9, 2026
Listed for Rent
$2,599
$0/sq ft
RENTALBEAST #14
Jan 8, 2026
Rental Removed
$2,599
$0/sq ft
Dec 10, 2025
Listed for Rent
$2,599
$0/sq ft
RENTALBEAST #13
Dec 9, 2025
Rental Removed
$2,599
$0/sq ft
Dec 6, 2025
Listed for Rent
$2,599
$0/sq ft
RENTALBEAST #12
Dec 6, 2025
Rental Removed
$2,599
$0/sq ft
Nov 1, 2025
Listed for Rent
$2,599
$0/sq ft
RENTALBEAST #11
Sep 22, 2025
Rental Removed
$2,599
$0/sq ft
Aug 24, 2025
Listed for Rent
$2,599
$0/sq ft
RENTALBEAST #10
Jul 1, 2025
Rental Removed
$1,899
$0/sq ft
Jun 11, 2025
Listed for Rent
$1,899
$0/sq ft
RENTALBEAST #9
May 6, 2025
Rental Removed
$1,899
$0/sq ft
May 1, 2025
Listed for Rent
$1,899
$0/sq ft
RENTALBEAST #8
Mar 30, 2025
Rental Removed
$2,625
$0/sq ft
Mar 20, 2025
Listed for Rent
$2,625
$0/sq ft
RENTALBEAST #6
Apr 26, 2025
Rental Removed
$2,599
$0/sq ft
Apr 21, 2025
Price Changed
$2,599
$0/sq ft
Mar 30, 2025
Listed for Rent
$2,625
$0/sq ft
Mar 3, 2025
Rental Removed
$2,625
$0/sq ft
Feb 6, 2025
Listed for Rent
$2,625
$0/sq ft
RENTALBEAST #7
Mar 20, 2025
Rental Removed
$2,625
$0/sq ft
Mar 3, 2025
Listed for Rent
$2,625
$0/sq ft
RENTALBEAST #5
Sep 15, 2024
Rental Removed
$1,995
$0/sq ft
Sep 5, 2024
Listed for Rent
$1,995
$0/sq ft
Aug 23, 2024
Rental Removed
$1,995
$0/sq ft
Aug 21, 2024
Listed for Rent
$1,995
$0/sq ft
Aug 3, 2024
Rental Removed
$1,995
$0/sq ft
Jul 25, 2024
Price Changed
$1,995
$0/sq ft
Jul 2, 2024
Listed for Rent
$1,899
$0/sq ft
RENTALBEAST #4
Jul 2, 2024
Rental Removed
$1,899
$0/sq ft
Jun 25, 2024
Listed for Rent
$1,899
$0/sq ft
RENTALBEAST #3
Jun 3, 2024
Rental Removed
$2,645
$0/sq ft
May 10, 2024
Listed for Rent
$2,645
$0/sq ft
RENTALBEAST #2
Apr 23, 2024
Rental Removed
$2,445
$0/sq ft
Apr 4, 2024
Listed for Rent
$2,445
$0/sq ft
RENTALBEAST #1
Apr 4, 2024
Rental Removed
$2,445
$0/sq ft
Apr 1, 2024
Listed for Rent
$1,845
$0/sq ft
MLSListings #ML81754469
Aug 20, 2019
Sold
$12,900,000
$367/sq ft
Aug 20, 2019
Sold
$12,900,000
$367/sq ft
Jul 3, 2019
Pending
—
May 31, 2019
Listed
$13,000,000
$370/sq ft
May 31, 2019
Listed
$13,000,000
$370/sq ft
Terra Castro Valley is a stunning, recently renovated 37unit apartment community located at 2275 Grove Way in thriving Castro Valley, CA. Situated on a 1.56-acre parcel of land, the subject property was originally constructed in 1959 a & has a gross building area of approximately 35,164 sqft, offering its tenants beautifully designed, 1 and 2-bedroom floor plans. Terra Castro Valley has recently undergone significant exterior and interior renovations totaling approximately $500,000. Unit interiors have been remodeled with modern, high-end design finishes, dual pane windows, granite countertops, updated appliances, modern hard flooring, window coverings, new carpets, and flooring. This contemporary community offers spacious open floor plans, with excellent storage and ample closet space. Tenants at Terra Castro Valley enjoy access to many convenient community amenities including individual private parking, a gated community, as well as a resort style sparkling pool great for relaxing.
Public Records
Jan 10, 2018
Sold
$10,450,000
$297/sq ft
Public Records
Feb 6, 2002
Sold
$4,050,000
$115/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$194,104 (+2.7%)
$4,305,830 + $10,045,077
$14,350,907
2024
$188,956 (+2.0%)
$4,221,411 + $9,848,138
$14,069,549
2023
$185,197 (+2.5%)
$4,138,653 + $9,655,070
$13,793,723
2022
$180,604 (+1.2%)
$3,977,961 + $9,280,192
$13,258,153
2021
$178,442 (+1.4%)
$3,977,961 + $9,280,192
$13,258,153
2020
$175,966 (+15.1%)
$3,899,989 + $9,098,291
$12,998,280
2019
$152,833 (+86.1%)
$3,860,000 + $9,005,000
$12,865,000
2018
$82,105 (+2.9%)
$3,197,700 + $7,488,690
$10,686,390
2017
$79,812 (+5.3%)
$1,648,327 + $3,486,181
$5,134,508
2016
$75,807 (+3.8%)
$1,648,327 + $3,486,181
$5,134,508
2015
$73,062 (+6.4%)
$1,616,017 + $3,417,845
$5,033,862
2014
$68,654 (+2.3%)
$1,560,578 + $3,300,593
$4,861,171
2013
$67,085 (+2.8%)
$1,560,578 + $3,300,593
$4,861,171
2012
$65,281 (+0.8%)
$1,553,533 + $3,285,693
$4,839,226
2011
$64,759 (+2.3%)
$1,523,075 + $3,221,275
$4,744,350
2010
$63,311 (−0.7%)
$1,493,212 + $3,158,116
$4,651,328
2009
$63,784 (+3.0%)
$1,482,062 + $3,134,534
$4,616,596
2008
$61,910
$1,485,585 + $3,141,983
$4,627,568
Public record
Public record
Zoning
Permits
Beds
69
Baths
46
Stories
2
Lot width
—
Lot depth
—
Lot size
1.56 Acres
Year renovated
1970
Finished Sq. Ft.
35,164
Unfinished Sq. Ft.
—
Total Sq. Ft.
35,164
Year built
1964
Style
Multi-Family (5+ Unit)
County
Alameda County
APN
415 010010300
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
RMX
Residential Mixed Density Districts
Residential mixed density districts, hereinafter designated as RMX, are established to support a mixture of single-family and multi-family residential development in areas close to the commercial business district. The RMX district implements and is consistent with the residential mixed density land use classification of the Castro Valley General Plan.
Permitted uses
Include but are not limited to:
Agriculture-Other
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Agriculture-Cropland
Agriculture-Grove / orchard / vineyard
Apr 17, 2026 • Active
Building
Remove and replace an existing residential water heater in the same location.
Plumbing
Water heater
Apr 15, 2026 • Final
Building
Remove and replace an existing residential water heater in the same location.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Local insights from Redfin agents
Castro Valley is moving at a brisk pace this summer! Median prices are holding steady around $1.2M, but well-priced, turnkey homes are flying off the market in under 15 days, often over asking. Inventory is moving fast, so buyers must come prepared...
Estimated 11-17% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 88° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
12 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Castro Valley, CA • 94546
Average low and high temperatures (°F)
63
43
64
46
71
49
69
49
73
53
74
54
74
56
79
57
80
58
77
54
65
48
61
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 4% for direct sun exposure in Castro Valley. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2275 Grove Way
There isn’t enough information to generate an accurate estimate at this time. Learn More