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Key Details
Sold Price $4,106,200
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81844912
Sold Date 06/23/21
HOA Y/N No
Year Built 1963
Annual Tax Amount $21,559
Lot Size 0.364 Acres
Property Description
Excellent 8plex with (4) 3 bed/1ba and (4) 2 bed/1ba. World renowned Cupertino schools. Surrounded by multi-million dollar sf homes in a high demand rental area. Near DeAnza College, frwy 280 & 85, Apples HQ, Google, LinkedIn & Microsoft. Shop at Whole Foods, Target and Marina. Many restaurants and cafes nearby. Each unit includes private balcony or patio. All units recently renovated. Kitchens with granite counter-tops, new cabinetry, fixtures and appliances; renovated bathrooms, laminate flooring. Parking with (8) 1 car carport and (4) spaces. Wall heating and AC. Roof with foam insulation, gutters, copper pipes and new paint. On-site laundry (owned w&d) and storage lockers. Pride of ownership, exceptional opportunity to own income-producing in Silicon Valley. Wonderfully maintained by long time owner! Actual 2020 rent was $237,363. All units are rented. Rent is below market due to Covid, providing significant income upside. Past 30 years vacancy rate was near zero.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CU
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 8
Utilities Available Natural Gas Available
Roof Type Flat
Total Parking Spaces 4
Schools
Elementary Schools Other
Middle Schools Other
High Schools Monta Vista
School District Other
Others
Tax ID 32632026
Financing Other
Special Listing Condition Standard
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Bought with Ray Rodriguez • Compass