$17,500,000
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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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Bought with Justin Bautista Newmark Cornish & Carey

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







