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$12,400,000
Est. payment /mo
0.84 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82040844
HOA Y/N No
Year Built 1963
Annual Tax Amount $145,652
Lot Size 0.845 Acres
Property Description
Element Apartment Homes is a turnkey, extensively renovated community offering strong in-place income with no near-term capital requirements. All units feature private in-unit washer and dryer and new electrical subpanels, providing enhanced capacity and tenant appeal. The property has undergone a comprehensive renovation, with 25 of 26 units completely upgraded. Improvements include dual-pane windows, modernized interiors, new exterior paint, siding and lighting, and a renovated courtyard with BBQ area. Major capital upgrades include a seismic retrofit and new roof, significantly reducing future capital needs. Located in the heart of Silicon Valley near major employers such as Apple, OpenAI Google, NVIDIA, and LinkedIn, the property benefits from strong underlying rental demand.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Electric
Fireplace No
Exterior
Carport Spaces 31
Roof Type Composition
Total Parking Spaces 12
Schools
School District Other
Others
Tax ID 16117013
Special Listing Condition Standard
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Listed by Mitchell Zurich Marcus & Millichap #01870648
Nearby Locations
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