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See all 14 photos
14 photos
$4,200,000
$4,410,000 4.8%
Est. payment /mo
UPDATED:
Key Details
Sold Price $4,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML82004853
Year Built 1962
Annual Tax Amount $57,405
Property Description
2970 Magliocco Dr is an exceptional 18-unit apartment community located in thriving San Jose, California. Situated on a parcel of land totaling 12,285 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 8,072 square feet, offering its tenants beautifully designed two-bedroom and studio floor plans. The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime West San Jose location featuring convenient access to Downtown San Jose (7 miles) and Santana Row (2 miles) home to a myriad of high-end shopping, dining and entertainment options. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 2970 Magliocco Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3H
Interior
Heating Wall Furnace
Exterior
Roof Type Flat
Building
Water Public
Schools
School District Other
Others
Special Listing Condition Standard
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Listed by Robert Johnston Marcus & Millichap
Bought with Eymon Binesh Marcus & Millichap
Bought with Eymon Binesh Marcus & Millichap
