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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Ray Rodriguez • Compass, DRE#01999734

$ 8,800,000

Est. payment | -/mo

5 Beds

3.5 Baths

22,222 SqFt

Save

$ 8,800,000

Est. payment | -/mo

Save

5 Beds

3.5 Baths

22,222 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 22,222 sqft

Price per Sqft $396

MLS Listing ID ML82060814

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 1961

Lot Size 0.637 Acres

Property Sub-Type Five or More Units

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

Area San Antonio

Zoning R3-1*

Interior

Heating Forced Air, Wall Furnace

Cooling Ceiling Fan, Other

Flooring Carpet, Laminate

Laundry None

Exterior

Parking Features Carport

Pool Community Facility

Community Features Community Pool

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Shingle

Building

Foundation Concrete Block, Concrete Perimeter

Sewer Sewer - Private

Water Private / Mutual

Others

Restrictions Other

Tax ID 154-21-016

Security Features Other

Special Listing Condition Not Applicable

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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