San Jose, CA 95124,Address not disclosed
San Jose, CA 95124,Address not disclosed
San Jose, CA 95124,Address not disclosed
22
$10,200,000
$10,000,000
2.0%
Est.Price: ?

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1.22 Acres Lot

Address not disclosed San Jose, CA 95124

Est. payment /mo
SOLD DATE : 06/21/2022

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Key Details

Sold Price $10,200,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81887059

Sold Date 06/21/22

HOA Y/N No

Year Built 1963

Annual Tax Amount $139,576

Lot Size 1.217 Acres

Property Description

40 apartment units in a good City of San Jose location adjacent to the border of the City of Campbell. Unit Mix: (40) 1 Bedroom 1 Bath Units. Improvements consist of 3 two story buildings containing 40 apartment units and a fourth single story building containing the common laundry room, owner storage room and water heater room spread out over a large parcel of land with approx. 58 parking spaces. Same family ownership for many years. Significant rent upside potential. Adjacent to quality single family homes and townhomes, across the street from Lunardi's Market and Walgreens. Close proximity to The Pruneyard Shopping Center, Downtown Campbell, Campbell Park and the Los Gatos Creek Trail. Easy access to large Tech and Health Care Employers including eBay HQ, Netflix HQ, Good Samaritan Hospital & El Camino Hospital Los Gatos. Stated rent for resident manager and est. rent of $1,695/Month for the 1 vacant unit was included in the annual rental income shown but not in the rent range shown

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning CP, R-1

Interior

Heating Wall Furnace

Fireplace No

Exterior

Roof Type Bitumen,Flat,Tar/Gravel

Total Parking Spaces 58

Building

Water Public

Schools

Elementary Schools Bagby

Middle Schools Price Charter

High Schools Branham

School District Other

Others

Tax ID 41241035

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Keith Suddjian • Cornish & Carey Commercial
Bought with Keith Suddjian • Cornish & Carey Commercial
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agent

Sandy Dabbs

Agent | License ID: 02120617

+1(714) 287-9983

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