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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