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$18,500,000
975 Boynton Avenue, San Jose, CA 95117
0 Beds
0 Baths
34,144 SqFt

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$1M PRICE REDUCTION! Boynton Gardens is an extensively renovated 48-unit garden style apartment community in West San Jose. This investment features an attractive unit mix of (16) 1+1 and (32) 2 +1. The majority of the apartments have been renovated and feature large balconies/patios. The property underwent an exterior renovation with a contemporary paint scheme, dual paned windows, bbq area, and new TPO roofs. The building benefits from copper plumbing and a high efficiency hot water heater system. The oversized parcel allows for ample parking as the property boasts a 1.5:1 parking ratio and no tuck under parking. This is TRULY A TURNKEY INVESTMENT. The property features an +/- 800 square foot office/storage that can be converted into (2) studio ADUs. The ideal rental location is convenient to 280, San Tomas Expressway, shopping, schools, parks and employers. Strong in-place rents with upside potential. GRM (Current/Market): 13.66 / 12.36. Cap Rate (Current/Market) 4.59% / 5.31%.
  • Price:
  • $18,500,000
  • Square Footage:
  • 34,144
  • Acreage:
  • 1.55
  • Year Built:
  • 1974
  • Listing ID #:
  • ML81895567
  • Street Address:
  • 975 Boynton Avenue
  • City:
  • San Jose
  • State:
  • California
  • Postal Code:
  • 95117
  • County:
  • Santa Clara
  • Community:
  • Campbell
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Flooring:
  • Laminate, Tile
  • Total Building Square Footage:
  • 34144
  • Windows:
  • Double Pane Windows
  • Year Built:
  • 1974
  • Lot Size:
  • 1.55
  • Lot Square Footage:
  • 67415
  • Originating Mls:
  • Datashare Mlslistings
  • Parking Description:
  • Covered
  • Appliances:
  • Dishwasher, Refrigerator
  • Existing Water:
  • Public
  • Heating:
  • Electric
  • Laundry:
  • Coin Operated
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By: Justin Bautista with Newmark Cornish & Carey
  • CABAYEAST

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