San Jose, CA 95117,975 Boynton Ave
San Jose, CA 95117,975 Boynton Ave
San Jose, CA 95117,975 Boynton Ave
San Jose, CA 95117,975 Boynton Ave
San Jose, CA 95117,975 Boynton Ave
San Jose, CA 95117,975 Boynton Ave
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$17,500,000

Est.Price: ?

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Est. payment /mo

1.55 Acres Lot


SOLD DATE : 08/25/2023

Key Details

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81921118

Sold Date 08/25/23

HOA Y/N No

Year Built 1974

Annual Tax Amount $219,258

Lot Size 1.548 Acres

Property Description

oynton Gardens is an extensively renovated 48-unit garden style apartment community in West San Jose. This investment features an attractive unit mix of (16) 1+1 and (32) 2 +1. The majority of the apartments have been renovated and feature large balconies/patios. The property underwent an exterior renovation with a contemporary paint scheme, dual paned windows, bbq area, and new TPO roofs. The building benefits from copper plumbing and a high efficiency hot water heater system. The oversized parcel allows for ample parking as the property boasts a 1.5:1 parking ratio and no tuck under parking. This is TRULY A TURNKEY INVESTMENT. The property features an +/- 800 square foot office/storage that can be converted into (2) studio ADUs. The ideal rental location is convenient to 280, San Tomas Expressway, shopping, schools, parks and employers. Strong in-place rents with upside potential.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning SJ

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 48

Total Parking Spaces 23

Building

Water Public

Schools

School District Other

Others

Tax ID 29932077

Financing Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Justin Bautista Newmark Cornish & Carey
Bought with Justin Bautista Newmark Cornish & Carey
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

<a href="https://maps.app.goo.gl/pirboN7SMpBm6tb18" target="_blank">3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359 </a>

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