2955 Neet AVE, San Jose, CA 95128
- $10,450,000
- 20,076
- SqFt
- Sold Price
- $10,450,000
- List Price
- $10,450,000
- Closing Date
- Feb 08, 2022
- MLS#
- ML81873768
- Status
- SOLD
- Property Type
- com
- Sqft. of Residence
- 20,076
- Lot Size
- 36,401
- Listing Area
- Campbell
- Year Built
- 1963
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.
Additional Information
- Acres
- 0.84
- Age
- 59
- Cooling System
- None
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Covered Parking
- Heating System
- Electric
- Laundry Facilities
- Coin Operated
- Living Area
- 20,076
- Lot Size
- 36,401
- Neighborhood
- Campbell
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public, Sewer Connected
- Special Features
- None
- Unincorporated Yn
- Yes
- Zoning
- RM
Mortgage Calculator
Listing courtesy of Justin Bautista from Newmark Cornish & Carey. 650-996-9384
Selling Office: M&MKW.
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