Part of a 3-building portfolio. Marketing packages available. CAP rate: 4.44% Current / 4.13% Potential. 764 San Justo Court is a wonderful 12-unit apartment community with 8 (2-Bed/1-Bath) and 4 (1-Bed/1-Bath) units. 5 units have large private patios and the grounds have mature trees and landscaping creating a garden style environment. 15 parking spaces. Recent capital improvements of over $300,000. 10 of 12 units remodeled. Copper piping and dual pane windows throughout. New electric main panel and subpanels in all units, backflows, siding, paint, roof work, and more. Strategically located near VTA, Caltrain, and Highway 101. Opportunity to add further value by increasing income and continuing the repositioning of the property to the preferences of Silicon Valley technology employees. The shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 764 San Justo Court a great opportunity for both the cash flow and appreciation-minded investor.
|LAST UPDATED||9/16/2019||YEAR BUILT||1959|
|PROPERTY TYPE(S)||Commercial Multi-Residential (5+ units)|
|ADDITIONAL LISTING INFO||Not Applicable|
|ADDITIONAL ROOMS||Laundry Room, Storage|
|ENERGY FEATURES||Double Pane Windows|
|GARAGEPARKINGSPACES||Assigned Spaces, Common Parking Area, Off-Street Parking, Parking Area, Uncovered Parking|
|HEATING||Gas, Wall Furnace|
|KITCHEN||Cooktop - Electric, Countertop - Granite, Countertop - Stone, Dishwasher, Freezer, Microwave, Oven Range - Electric, Refrigerator|
|LISTING CLASS||Commercial Multi-Residential (5+ units)|
|LISTING SERVICE||Full Service|
|LOT DESCRIPTION||Grade - Level|
|METERS||Master Water, Separate Electric, Separate Gas|
|NUMBER OF BUILDINGS||1|
|SECURITY FEATURES||Fire System - Suppression|
|SEWER SEPTIC||Sewer - Public|
|SUBCLASS||Five or More Units|
|UTILITIES||Individual Electric Meters, Individual Gas Meters, Public Utilities|
|WATER||Individual Water Meter, Public|
|YARD/GROUNDS||Balcony / Patio, Fenced, Porch - Enclosed|
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