The Cedars and Creekside Terrace

Investment highlights

• First Time to Market with Multiple Paths to Income Upside

  • Offered for the first time to market by the original developer, The Cedars & Creekside Terrace provide an investor the opportunity to complete interior renovations on the 36% of units in classic condition and the 14% of units with light renovations, capturing ±$125 per unit in market-supported renovation premiums per month.   

  • The Cedars and Creekside Terrace present an immediate opportunity to capture an additional ±$100,000 in annual net operating income through payroll efficiencies and non-revenue unit optimization—a rare chance to unlock operational synergies within a portfolio acquisition.   

  • Investors will secure additional income through the bulk Wi-Fi program scheduled for implementation in June 2026, projected to increase Other Income by ±$340 per unit annually assuming a 90% opt-in rate. 

• Durable Operations and Meticulously Maintained Properties

  • The Properties deliver reliable performance and consistent cash flows, demonstrated by an average trailing 12-month occupancy of ±94%, minimal Bad Debt, and ±3.90% rent increases on 2025 YTD renewals. 

  • The Cedars and Creekside Terrace are located in an unincorporated area of Alameda County and benefit from the lack of a city-level rent control ordinance and potentially allow for a tax abatement treatment, with ±88% of units estimated to qualify as 80% AMI. 

  • Comprised of one-, two-, and three-bedroom units in classic and renovated condition, The Cedars & Creekside Terrace have been impeccably maintained with over $1.5MM spent on interior and exterior capital expenditures since 2023. 

• ±20% Rent Growth Through 2030 in Supply-Constrained East Bay Submarket

  • With zero properties planned or under construction in the submarket and only one 50+ unit property built in Castro Valley since 1990, The Cedars and Creekside Terrace benefit from a lack of supply and are poised to capture the ±3.9% average annual rent growth projected over next five years. 

  • Over the next five years, the Properties are positioned to capitalize on robust market fundamentals, as average household incomes are projected to climb by 40% to over $215,000 while the submarket maintains a strong occupancy rate of +95%. 

  • With average home sale prices exceeding $1.04 million in a 1-mile radius, The Cedars and Creekside Terrace offer a compelling value proposition for infill East Bay living at a ±70% discount to local homeownership costs. 

• Regional Connectivity with Direct Access to Top Bay Area Employers

  • The Cedars and Creekside Terrace offer residents exceptional connectivity to the Bay Area’s major employment centers, strategically located near Highway 92 for direct access to the San Mateo-Hayward Bridge, less than a half-mile from Interstate 580, and just five minutes from the Castro Valley BART station. 

  • Beyond transit access and regional connectivity, residents enjoy a multitude of local amenities such as the Castro Valley Marketplace, Lake Chabot Regional Park, Trader Joe’s, the Don Castro Regional Recreation Area as well as offerings in nearby Hayward including the Hayward Farmers Market, Hayward Public Library, and Heritage Plaza. 

  • In addition to Castro Valley’s local employment base, featuring nearby employers such the Eden Medical Center, Kaiser Permanente, and the Bay Valley Medical Group, residents are also within a 10-minute commute to the Tri-Valley, home to a diverse base of world-class innovators and industry leaders in technology, healthcare, professional services, and scientific research.   

Contact us