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2955 Neet Ave

San Jose, CA 95128
  • $10,450,000
  • STATUS: Closed
  • ON SITE: 215 Days
  • ID#: ML81873768
Sold - 02/08/2022
$10,450,000
SOLD - 02/08/2022
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,076
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:
Area:

School Ratings & Info

Description

This well-maintained property offers the opportunity to acquire an apartment complex in an ideal rental location. The property features an outstanding unit mix of (18) 2 bedroom/1 bathroom apartments - 860 sf each and (6) 1 bedroom/1 bathroom apartments - 774 sf each. The property is gated and features an attractive courtyard. There is the potential to add a 25th unit as an ADU. There is a large open space on the 2nd floor that is not being utilized. There is an additional area on the 2nd floor that will allow two of the 2+1 apartments to be converted into two 2+2 apartments with in unit laundry. Please see the drawings for these in the offering memorandum. This strong rental location is moments from Santana Row, Valley Fair Mall, Downtown Campbell and is near Highways 280, 17 and Santa Tomas Expressway. The property is also moments away from shopping, schools and parks. A buyer should be able to secure a new loan at 3.15% fixed for 7 years with 3-4 years of interest only payments.

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© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-08-10T23:50:40.343. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
www.dominicnicoli.com/homes/124547833
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2955 Neet Ave San Jose, CA 95128

  • Price: $10,450,000
  • Status: Closed
  • On Site: 215 Days
  • ID#: ML81873768
0
Beds
0
Baths
0
½ Baths
N/A
Acres
20,076
SQFT
$0
$/SQFT
1963
Built
Neighborhood:
Campbell
County:
Santa Clara
Area:
Campbell
Property Description
This well-maintained property offers the opportunity to acquire an apartment complex in an ideal rental location. The property features an outstanding unit mix of (18) 2 bedroom/1 bathroom apartments - 860 sf each and (6) 1 bedroom/1 bathroom apartments - 774 sf each. The property is gated and features an attractive courtyard. There is the potential to add a 25th unit as an ADU. There is a large open space on the 2nd floor that is not being utilized. There is an additional area on the 2nd floor that will allow two of the 2+1 apartments to be converted into two 2+2 apartments with in unit laundry. Please see the drawings for these in the offering memorandum. This strong rental location is moments from Santana Row, Valley Fair Mall, Downtown Campbell and is near Highways 280, 17 and Santa Tomas Expressway. The property is also moments away from shopping, schools and parks. A buyer should be able to secure a new loan at 3.15% fixed for 7 years with 3-4 years of interest only payments.
Exterior Features

Foundation Concrete Perimeter And Slab Garage Parking Covered Parking Number Of Buildings 1 Pool YN No Roof CompositionShingle Units In Complex Min 24

Interior Features

Beds Unit1 2 Beds Unit2 1 Cooling None Heating Electric Laundry Coin Operated Sq Ft Unit1 860 Sq Ft Unit2 774 Structure Sq Ft 20076

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name San Jose Hoa Amenities Common Utility Room Hoa YN No Incorporated No Lot Size Area Maximum 36401.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit1 2188 Rent Unit2 1926 Restrictions None Security Features Secured Garage / Parking Sewer Septic Sewer - PublicSewer Connected Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas Meters Water Public Zoning Rm

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Justin Bautista of Newmark Cornish & Carey.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-08-10T23:50:40.343. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

Licensed in the State of California.
 
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