750 - 760 N 23rd ST

SAN JOSE, CA, 95112

$24,898,000

$610 per ft²
$24,898,000
$610 per ft²
Active
Active
 - For Sale
carpenters-square
40,796 ft²
property_type
Commercial
calendar
Built 1961
Palm Court Apartments represents the rare opportunity to acquire an exceptional 56-unit multifamily asset located at 750-760 N 23rd St in thriving San Jose, California. Situated on a parcel of land totaling 1.54-acres, the subject property was originally constructed in 1961 and has a gross building area of approximately 40,796 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom and three-bedroom floor plans. The subject property has recently undergone extensive exterior and interior capital improvements. 48 of the 56 units have been completely remodeled and renovated with vinyl plank flooring, stainless steel appliances, granite countertops, modern cabinetry and in-unit washer dryers. Tenants and residents also enjoy convenient access to many community amenities including a sunny community courtyard, community pool and private parking. The investment appeal of this asset is driven by San Joses strong employment fundamentals and low vacancy levels.
MLS® ID:
ML81878517
Updated:
8/16/22

Interior Features

Kitchen Features
Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Hookups - Gas, Microwave, Oven - Electric
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Washer/Dryer - Some Units
Floor Description
Vinyl / Linoleum
Cooling
Ceiling Fan
Heating
Wall Furnace

Exterior/Building Features

Lot Size
1.54 acres lot
Roof
Flat / Low Pitch, Rolled Composition
Sewer
Sewer Connected

Other Property Details

Area Name
9
Garage
Yes
Parking
Assigned Spaces
Parking Total
76.0
View
Y
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Pool
Yes
Pool Description
Pool - In Ground
Zoning
R3

 

Courtesy of Robert Johnston, Marcus & Millichap

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Joseph Sanchez shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 7:01 AM UTC, 8/16/22

 

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