$5,350,000
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0.35 Acres Lot
SOLD DATE : 08/23/2023
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81927008
Sold Date 08/23/23
HOA Y/N No
Year Built 1957
Annual Tax Amount $69,392
Lot Size 0.349 Acres
Property Description
Rare Rose Garden Investment Opportunity! Attractive courtyard style complex. Newer dual paned windows, exterior paint and roof. Drought tolerant landscaping. Unit Mix: (2) Studio, (9) 1+1, (1) 2+1, (1) 2+1 Owners Unit. Some of the units have been upgraded. Below market rents - upside potential. Market GRM: 12.86 / Market Cap Rate: 5.59%. Ideal 1031 exchange opportunity; Seller is willing to wait for buyer to sell downleg property. Prime Rental Location - convenient to Highways 880 & 101, short walk to parks and schools. Minutes to Downtown San Jose, San Jose State University and Santa Clara University.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CL
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 15
Roof Type Composition,Shingle
Total Parking Spaces 2
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 26113043
Financing Cash
Special Listing Condition Standard
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Bought with David Katz Magnify Real Estate
