$570k Price Reduction - Prime Silicon Valley 11-unit Multifamily Asset with Assumable 3.85% debt! If you believe in the growth potential of AI, like NVIDIA (Stock Price T-12 Growth: over 350% return), you cannot miss this prime multifamily asset. Why? The investment thesis is simple: the excellent demographics ($201,279 average household income) will bring you long-term Rent Growth driven by demand/supply dynamics. Highlights: (1) Located in a Single-Family Home neighborhood. Just minutes to major tech companies (Apple, NVIDIA, Netflix, just to name a few), groceries (Mitsuwa and Sprouts), and convenient access to major highways (280, 85, San Tomas Expy, and Lawrence Expy) (2) Priced significantly below replacement costs, (3) Irreplaceable assumable debt! (4) Tenant turnover opportunity to execute value-added strategy to unlock the upsides of this well-maintained property! (5) Amenities: a courtyard, secured gates, on-site laundry, covered parking spaces, and storage (6) Excellent unit mix: (2) 2+2 and (9) 1+1 units (7) Historically durable cash flow
Property Type(s):
Multi Family
|
Last Updated
|
2/21/2024
|
Year Built
|
1962
|
|
County
|
Santa Clara
|
Price History
|
Prior to Jul 5, '23
|
$4,350,000 |
|
Jul 5, '23 - Aug 28, '23 |
$4,260,000 |
|
Aug 28, '23 - Oct 12, '23 |
$4,140,000 |
|
Oct 12, '23 - Nov 14, '23 |
$3,900,000 |
|
Nov 14, '23 - Feb 21, '24 |
$3,850,000 |
| Feb 21, '24 - Today |
$3,780,000 |
Additional Details
| APPLIANCES |
Washer |
| BUYER'S BROKERAGE COMPENSATION |
2.50 |
| LOT |
0.3238 acre(s) |
| LOT DIMENSIONS |
14106.00 |
| SEWER |
Public Sewer |
| WATER |
Public |
| ZONING |
RM |
Listed by Kyle Chuang | 408-718-5158, Chessboard Capital
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 4/20/24 8:12 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This IDX solution is (c) Diverse Solutions 2024.
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Written by Andrew -
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