$10,500,000
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0.33 Acres Lot
SOLD DATE : 04/21/2022
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81824753
Sold Date 04/21/22
HOA Y/N No
Year Built 1928
Annual Tax Amount $122,325
Lot Size 0.332 Acres
Property Description
Metro Walk offers an opportunity to acquire an excellent income property with a 38-unit apartment complex plus 1 retail store in a dynamic rental location that can be redeveloped potentially in the future. Exterior renovation includes dual pane windows, exterior paint, and lights. 24 units extensively updated most with new kitchen cabinets, countertops, carpet, baseboards, and two-tone paint. Strong in place rents with upside potential. Market GRM/Cap Rate: 13.12 / 5.3%. New laundry room in process for additional income. Outstanding rental location blocks from future Google campus, San Jose State, Diridon Station, San Jose International Airport and future BART station. Strategically located in a designated Opportunity Zone in the vibrant SoFA district of Downtown San Jose.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning DC
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Roof Type Composition
Building
Water Public
Schools
Elementary Schools Gardner
Middle Schools Herbert Hoover
High Schools Abraham Lincoln
School District San Jose Unified
Others
Tax ID 47226072
Financing Conventional
Special Listing Condition Standard
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Bought with Eymon Binesh Marcus & Millichap
