Address
2955 Neet AVE San Jose, CA
Price
$ 10,450,000
Property Attributes
  • MLS#ML81873768
  • TypeContingent
  • CountySANTA CLARA
  • CitySan Jose
  • AreaCampbell
  • Zip95128
  • Style
  • Price$ 10,450,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage20076
  • Lot Size0.8357 Acres
Listing Provided Courtesy Of:
Justin Bautista with Newmark Cornish & Carey.
Data Source:
MLSListings
Property Description

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.

Price History
1/7/2022 Listed $10,450,000

General Features

# of Buildings 1
Accessibility None
Age 59
Association Amenities Common Utility Room
City SAN JOSE
City Limits (y/n) Yes
Cooling None
County Santa Clara
Heating Electric
Listing Agent State License 01268331
MLS Area Campbell
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition, Shingle
Security Features Secured Garage / Parking
Special Listing Conditions Not Applicable
Status Contingent
Utilities Individual Electric Meters, Individual Gas Meters
Water Public
Year Built 1963
Zoning Text RM

Interior Features

Laundry Features Coin Operated
Living Sqft 20076
Unit 1 Rent 2188
Unit 2 Approx Square Footage 774
Unit 2 Number Of Bedrooms 1

Exterior Features

Building Area Total 20076
Foundation Details Concrete Perimeter and Slab
Lot Acres 0.8357
Lot Size Area 36401.00
Lot Size Units Square Feet
Maximum Lot Size 36401.00
Meters Master Water, Separate Electric, Separate Gas
Parking Features Covered Parking
Sewer/Septic Sewer - Public, Sewer Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 95128

Price
AVG $4.38M
$10.45M
Visits
AVG 93
34
Year Built
AVG 1946
1963

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