1201 Blossom Hill Road for sale in San Jose, California

$1,600,000

This 7-unit complex is in an ideal rental location. Within walking distance are parks, schools, public transportation and shopping. A Whole Foods shopping center and Almaden Plaza (featuring Trader Joes & Costco) are nearby. Almaden Expressway, Highways 85 & 87, and Oakridge Mall are convenient as well. The building is security gated and features 16 garage spaces. Current rents are extremely low; tremendous upside potential. Market GRM: 11.49; Market Cap Rate: 6.01%. The price/unit is attractive as well.

Details
Property Class: Commercial Multi-Residential
Type: Five or More Units
Listing Status: Active
City: San Jose
Area: 14 - Cambrian
County: Santa Clara
State: CA
Property Sub Type Descr: Five or More Units
Garage: Yes
Living Area (SqFt): 5312 sq. ft.
Lot Size Area Sq Feet: 9548.00
Lot Size Area Acres: 0.21919
Property Tax: $22,181
REO/ Bank Owned: No
REO: N/A
Short Sale: N/A
Listing#:

Parcel Number:

Year Built: 1971
List Date: 8/13/2015
Class: Commercial
Property Subtype: Five or More Units
Approx Lot Size: 0.219
REO/Bank Owned: No

Disability Features: None
Roof: Composition, Shingle
Utilities Water: Public
Foundation: Concrete Perimeter and Slab
Heating: Gas
Garage Style: Enclosed
Utilities Sewer: Sewer - Public


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