Sold

470 Boynton Avenue

San Jose CA, 95117

$14,200,000


$477.86 per sqft

Sold

29,716 sqft

Commercial

Built in 1968

Turnkey investment opportunity. Well-maintained building. Attractive courtyard with pool. New dual paned windows, new hot water heaters, upgraded electrical, a/c wall units, fresh exterior paint. Copper plumbing throughout and to street. Parking lot resurfaced in 2017. Ample parking - 1.5:1. (35) Garages, (6) Carports, (20) Open Stalls. Earthquake retrofit. Mansard style roof with 30-year comp shingle. Laundry room with (4) washers and (4) dryers. Machines are owned. Private patios and balconies. Unit mix: (28) 1+1, (8) 2+1.5, (3) 2+1.5TH, (1) 4+2TH. Spacious units - average 743 SF each. Large lot - 1.09 acres. Outstanding rental location - convenient to Highway 280, San Tomas Expressway & Stevens Creek. Close to Santana Row, Valley Fair Mall, Apple Spaceship Campus. Blocks to upcoming 15 acre mixed use development. Tremendous upside potential - Market GRM: 13.44 and Market Cap Rate: 4.99%.

ML81691421

MLS ID

February 15, 2024

Updated

Map

470 Boynton Avenue
San Jose CA, 95117

Interior Features

Appliances

Dishwasher, Refrigerator


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size

1.09 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Campbell


Garage

Yes


Parking

Attached, Covered


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

RM

Listed by Justin Bautista with Newmark Cornish & Carey
Listing Contact: 650-996-9384 

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