Part of a 3-building portfolio- marketing packages available. CAP rate: 4.21% Current / 5.18% Potential. 763 San Justo Court is a wonderful 13-unit apartment community with 5 (3-Bed/1-Bath), 3 (2-Bed/1-Bath), and 5 (1-Bed/1-Bath) units. Six units have large private patios and the grounds have mature trees and landscaping creating a garden style environment. Recent capital improvements of over $380,000. 11 of 13 units remodeled. Copper piping and dual pane windows throughout. New electric main panel and subpanels in all units, backflows, exterior 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 it 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||Other, Storage|
|ENERGY FEATURES||Double Pane Windows|
|FLOORING||Carpet, Laminate, Tile|
|GARAGEPARKINGSPACES||Common Parking Area, Covered Parking, Off-Street Parking, Parking Area|
|KITCHEN||Cooktop - Electric, Countertop - Ceramic, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator|
|LISTING CLASS||Commercial Multi-Residential (5+ units)|
|LISTING SERVICE||Full Service|
|LOT DESCRIPTION||Grade - Mostly Level|
|METERS||Master Water, Separate Electric, Separate Gas|
|NUMBER OF BUILDINGS||1|
|ROOF||Flat / Low Pitch|
|SECURITY FEATURES||Fire System - Suppression|
|SEWER SEPTIC||Sewer - Public|
|SUBCLASS||Five or More Units|
|UTILITIES||Individual Electric Meters, Individual Gas Meters, Public Utilities|
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