$1,950,000
$1,995,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
6,185 Sqft Lot
SOLD DATE : 06/27/2021
Key Details
Sold Price $1,950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81840495
Sold Date 06/27/21
HOA Y/N No
Year Built 1957
Annual Tax Amount $23,216
Lot Size 6,185 Sqft
Property Description
Situated 1 mile from Downtown San Jose, 215 Oak St is a rare opportunity to acquire a high income producing property in the heart of Silicon Valley. The asset features (7) One bedroom One bathroom units and (7) dedicated parking spaces in an area where parking is limited. Tenants enjoy use of a convenient on-site laundry facility and being in close proximity to major attractions. Offered at a 4.67% cap Rate/14.09 GRM - 5.90% Pro Forma Cap Rate/11.965 GRM, the complex will provide investors with stable cash flow on day one and significant future upside in rents. Please Contact Theodore Wong for the Offering Memorandum
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning C2
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Carport Spaces 7
Roof Type Tar/Gravel
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 26438017
Financing Conventional
Special Listing Condition Standard
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Bought with Ray Rodriguez • Compass