2955 Neet AVE

San Jose, CA, 95128

$10,450,000

$520 per ft²
$10,450,000
$520 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
20,076 ft²
property_type
Multi-family
calendar
Built 1963
This well-maintained property offers the opportunity to acquire an apartment complex in an ideal rental location. The property features an outstanding unit mix of (18) 2 bedroom/1 bathroom apartments - 860 sf each and (6) 1 bedroom/1 bathroom apartments - 774 sf each. The property is gated and features an attractive courtyard. There is the potential to add a 25th unit as an ADU. There is a large open space on the 2nd floor that is not being utilized. There is an additional area on the 2nd floor that will allow two of the 2+1 apartments to be converted into two 2+2 apartments with in unit laundry. Please see the drawings for these in the offering memorandum. This strong rental location is moments from Santana Row, Valley Fair Mall, Downtown Campbell and is near Highways 280, 17 and Santa Tomas Expressway. The property is also moments away from shopping, schools and parks. A buyer should be able to secure a new loan at 3.15% fixed for 7 years with 3-4 years of interest only payments.
MLS ID:
ML81873768
Listed:
1/7/22
Updated:
1/25/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
None

Exterior/Building Features

Lot Size
0.84 acres lot
Roof
Composition, Shingle
Sewer
Sewer - Public, Sewer Connected

School Information

School District
Campbell Union Elementary

Other Property Details

Area Name
Campbell
Taxes
$138284
Tax Frequency
per YEAR
HOA Amenities
Common Utility Room
Attached Garage
Yes
Parking
Covered Parking
View
N
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Zoning
RM

Property History

Date
Event
Price
Value
1/20/22
Under Contract
-
-

 

Courtesy of Justin Bautista, Newmark Cornish & Carey

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Data last updated 12:05 AM UTC, 1/25/22

 

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