975 Boynton Ave, San Jose, CA 95117

$14,440,000
34,144
SqFt
Sold Price
$14,440,000
List Price
$17,500,000
Closing Date
Aug 25, 2023
MLS#
ML81921118
Status
SOLD
Property Type
com
Sqft. of Residence
34,144
Lot Size
67,415
Listing Area
Campbell
Year Built
1974

Property Description

oynton Gardens is an extensively renovated 48-unit garden style apartment community in West San Jose. This investment features an attractive unit mix of (16) 1+1 and (32) 2 +1. The majority of the apartments have been renovated and feature large balconies/patios. The property underwent an exterior renovation with a contemporary paint scheme, dual paned windows, bbq area, and new TPO roofs. The building benefits from copper plumbing and a high efficiency hot water heater system. The oversized parcel allows for ample parking as the property boasts a 1.5:1 parking ratio and no tuck under parking. This is TRULY A TURNKEY INVESTMENT. The property features an +/- 800 square foot office/storage that can be converted into (2) studio ADUs. The ideal rental location is convenient to 280, San Tomas Expressway, shopping, schools, parks and employers. Strong in-place rents with upside potential.

Additional Information

Acres
1.55
Age
49
Building Name
Boynton Gardens
Cooling System
None
Floor Covering
Carpet, Laminate, Tile, Vinyl / Linoleum
Foundation
Concrete Slab
Garage Parking
Carport, Covered Parking, Uncovered Parking
Heating System
Electric
Laundry Facilities
Coin Operated, Washer / Dryer
Living Area
34,144
Lot Size
67,415
Neighborhood
Campbell
Other Utilities
Individual Electric Meters
Roof
Polyurethane
Sewer
Sewer - Public, Sewer Connected
Special Features
None
Unincorporated Yn
Yes
Zoning
SJ

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Justin Bautista from Newmark Cornish & Carey. 650-996-9384

Selling Office: NEWCC.

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