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Address not disclosed San Jose, CA 95124
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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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Bought with Keith Suddjian • Cornish & Carey Commercial