Mark E. Devlin
Mark Devlin
408-309-4129408-309-4129

763 San Justo CT, SUNNYVALE, CA 94085 (MLS # ML81768202)

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PRICE $5,850,000
SIZE 9,485 sq ft
LOT SIZE 19,998 sqft

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.

OPEN HOUSE
Thursday, September 19, 2019 12:00:00 PM to 2:00:00 PM

LAST UPDATED 9/16/2019 YEAR BUILT 1959
COMMUNITY Sunnyvale COUNTY Santa Clara
TOTAL PARKING 6 STATUS Active
PROPERTY TYPE(S) Commercial Multi-Residential (5+ units)


ADDITIONAL DETAILS
ADDITIONAL LISTING INFO Not Applicable
ADDITIONAL ROOMS Other, Storage
COMMUNICATIONS Cable TV
CONSTRUCTION TYPE Wood
COOLING Ceiling Fan
ENERGY FEATURES Double Pane Windows
FLOORING Carpet, Laminate, Tile
FOUNDATION Concrete Slab
GARAGE SPACES 0
GARAGEPARKINGSPACES Common Parking Area, Covered Parking, Off-Street Parking, Parking Area
HEATING Wall Furnace
KITCHEN Cooktop - Electric, Countertop - Ceramic, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
LAUNDRY Coin Operated
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
PARKING SPACES 8
RESTRICTIONS None
ROOF Flat / Low Pitch
SECURITY FEATURES Fire System - Suppression
SEWER SEPTIC Sewer - Public
SPECIAL FEATURES None
SUBCLASS Five or More Units
UTILITIES Individual Electric Meters, Individual Gas Meters, Public Utilities
WATER Public
YEAR BUILT 1959
ZONING TEXT R3
Listing provided by Ismael Benhamida, Marcus & Millichap

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 9/16/19 8:30 PM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2019 MLSListings Inc. All rights reserved.



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