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Listed by Mitchell Zurich • Marcus & Millichap
$ 2,800,000
Est. payment | /mo
3 Beds
2 Baths
4,756 SqFt
$ 2,800,000
Est. payment | /mo
3 Beds
2 Baths
4,756 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Contingent
Purchase Type For Sale
Square Footage 4,756 sqft
Price per Sqft $588
MLS Listing ID ML82028375
Bedrooms 3
Full Baths 2
Year Built 1958
Lot Size 8,700 Sqft
Property Sub-Type Five or More Units
Property Description
5% Cap Apartment Complex in Prime Santa Clara! 1350 Warburton Avenue is an exceptionally well maintained eight-unit apartment complex featuring a desirable unit mix of 2-bedroom and 1-bedroom units. With four fully renovated units, the property is ideally located just minutes from major tech employers including NVIDIA, Apple, Intel, and Applied Materials, as well as Santa Clara University. Offered at $2,800,000, the property delivers a strong 5.02% current cap rate with additional upside. OFFER WILL BE REVIEWED AS THEY ARE RECEIVED - MARKETING PACKAGE AVAILABLE UPON REQUEST.
Location
State CA
County Santa Clara
Area Santa Clara
Zoning R336D
Interior
Heating Wall Furnace
Cooling Other
Exterior
Parking Features Covered Parking, Uncovered Parking
Utilities Available Other
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Restrictions None
Tax ID 224-25-005
Security Features None
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896