27 Topeka Ave

    San Jose, CA 95128
    • $2,495,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: ML81749344
    UPDATED: 65 min ago
    $2,495,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,450
      SQFT
    • $723
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Excellent opportunity to own this 7-unit (FIVE 1 bedroom/1 baths & TWO studios) multi-family investment property, located in a sought after & convenient location close to Santa Row, Santa Clara University, downtown San Jose, major freeway corridors, shopping, restaurants and more. Currently fully occupied and historically low vacancy rates. This asset offers an exceptional opportunity for the savvy investor to come in and add value by further updating the units and increasing rents. Close proximity to the new Google campus should influence and push rents up and drive future appreciation. The next owner will be in a strong position to maximize rent potential given the building is EXEMPT FROM RENT CONTROL, 6 of the 7 units are on a month to month basis and 1 unit has a lease until January 2020. On-site coin operated laundry, 4 garages and 3 open air spaces. Various capital improvements performed over the recent years, low maintenance and easy to manage.

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    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-06-18T19:49:07.91. 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 Strock Real Estate.

    Licensed in the State of California.
    www.strockrealestate.com/homes/94182977

    27 Topeka Ave San Jose, CA 95128

    • Price: $2,495,000
    • Status: Active
    • Updated: 65 min ago
    • ID#: ML81749344
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,450
    SQFT
    $723
    $/SQFT
    1953
    Built
    Neighborhood:
    Central San Jose
    County:
    Santa Clara
    Area:
    Central San Jose
    Property Description
    Excellent opportunity to own this 7-unit (FIVE 1 bedroom/1 baths & TWO studios) multi-family investment property, located in a sought after & convenient location close to Santa Row, Santa Clara University, downtown San Jose, major freeway corridors, shopping, restaurants and more. Currently fully occupied and historically low vacancy rates. This asset offers an exceptional opportunity for the savvy investor to come in and add value by further updating the units and increasing rents. Close proximity to the new Google campus should influence and push rents up and drive future appreciation. The next owner will be in a strong position to maximize rent potential given the building is EXEMPT FROM RENT CONTROL, 6 of the 7 units are on a month to month basis and 1 unit has a lease until January 2020. On-site coin operated laundry, 4 garages and 3 open air spaces. Various capital improvements performed over the recent years, low maintenance and easy to manage.
    Exterior Features

    Foundation Concrete Slab Garage Parking Attached GarageDetached Garage Number Of Buildings 1 Pool YN No Roof Flat / Low Pitch Units In Complex Min 7

    Interior Features

    Additional Rooms Laundry Room Beds Unit1 1 Beds Unit2 0 Cooling Window / Wall Unit Heating Wall Furnace Laundry Coin Operated Structure Sq Ft 3450

    Property Features

    Accessibility Features None Additional Listing Info Not Applicable City Name San Jose Cross Street W San Carlos Street Hoa YN No Lot Size Area Maximum 5664.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit1 1650 Rent Unit2 1500 Restrictions None Security Features Secured Garage / Parking Sewer Septic Sewer Connected Sq Ft Source Other Utilities Individual Electric MetersIndividual Gas Meters Water PublicWater On Site Zoning R1-N2

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Cesar Contreras of Compass.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-06-18T19:49:07.91. 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 Strock Real Estate.

    Licensed in the State of California.
     
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