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$24,898,000
750 - 760 N 23rd St, San Jose, CA 95112
0 Beds
0 Baths
40,796 SqFt

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Palm Court Apartments represents the rare opportunity to acquire an exceptional 56-unit multifamily assetlocated 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 includinga 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.
  • Price:
  • $24,898,000
  • Square Footage:
  • 40,796
  • Acreage:
  • 1.00
  • Year Built:
  • 1961
  • Listing ID #:
  • 81878517
  • Street Address:
  • 750 - 760 N 23rd St
  • City:
  • San Jose
  • State:
  • California
  • Postal Code:
  • 95112
  • County:
  • Santa Clara
  • Community:
  • Central San Jose
  • Listing Status:
  • Active
  • Listing Type:
  • Five or More Units
School District: San Jose Unified
  • Age Of Dwelling:
  • 61
  • Flooring:
  • Vinyl / Linoleum
  • Foundation:
  • Concrete Perimeter
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 40796
  • Type Of Roof:
  • Flat / Low Pitch, Rolled Composition
  • Unit2 Bedrooms:
  • 2
  • Unit3 Bedrooms:
  • 3
  • Year Built:
  • 1961
  • Annual Insurance Expenses:
  • 19392
  • Annual Maintenance Expenses:
  • 32157
  • Annual Management Expenses:
  • 93366
  • Conforms To Zoning:
  • R3
  • Lot Square Footage:
  • 67082.40
  • Total Available Acres:
  • 1.5400
  • Property Taxes:
  • $315,494
  • Kitchen:
  • Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Hookups - Gas, Microwave, Oven - Electric
  • Garage Description:
  • Assigned Spaces
  • Parking Spaces:
  • 76
  • Pool:
  • 1
  • Pool Description:
  • Pool - In Ground
  • Cooling System:
  • Ceiling Fan
  • Existing Water:
  • Public
  • Heating:
  • Wall Furnace
  • Laundry:
  • Washer/Dryer - Some Units
  • Sewage Type:
  • Sewer Connected
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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 Robert Johnston of Marcus & Millichap
  • This data is up-to-date as of June 30, 2022. LIST

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