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Listed by Compass
$ 8,800,000
Est. payment | /mo
22,222 SqFt
$ 8,800,000
Est. payment | /mo
22,222 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,222 sqft
Price per Sqft $396
MLS Listing ID ML82060814
HOA Y/N No
Year Built 1961
Lot Size 0.637 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Twenty-three units with rent upside from day one. A rare 23 unit opportunity in the heart of Silicon Valley, minutes from Google, Meta, LinkedIn, Intuit, Stanford University, and Caltrain, with easy access to US 101, CA 85, and CA 237. Built in 1961 on a 0.64 acre lot, this two story, garden style building offers roughly 22,222 square feet, carport parking, and an on site swimming pool. The 23 units average 966 square feet, larger than typical new construction studios and one bedrooms, with a mix of one bedroom, two bedroom, and one townhome style layout. The property is currently fully occupied, with two units vacating at the end of September. Water is master metered and paid by ownership, while gas and electric are individually metered and paid by residents. Rents carry great upside already in motion, with two units scheduled to turn over soon at anticipated rents of $3,400 to $3,700 dollars per month. Close to parks, shopping, dining, and top rated schools, this is a rare, well located asset with a clear path to capturing rent upside without a large renovation budget.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s), Other
Flooring Laminate
Fireplace No
Exterior
Handicap Access Other
"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"