$2,445,000
$2,525,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 08/19/2024
Key Details
Sold Price $2,445,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81963429
Sold Date 08/19/24
HOA Y/N No
Year Built 1977
Annual Tax Amount $29,867
Lot Size 7,840 Sqft
Property Description
Magnify is pleased to exclusively present the opportunity to acquire 3280 Cabrillo Ave, a premium five (5) unit property with strong in-place rents and spacious units. Strategically located in Santa Clara, this property offers a compelling investment opportunity in a highly desirable rental market at the border of Sunnyvale. Constructed in 1977, this turnkey investment consists of (1) two-bedroom/one-and-half-bathroom townhome and (4) two-bedroom/one-bathroom units, offering a total building square footage of 3,940 on a 7,840 square foot lot. The building underwent key recent capital improvements including a new roof, freshly painted exterior, and remodeled units. It boasts beautiful architecture and pristine landscaping which reinforces its overall curb appeal. The property is close to top Silicon Valley tech employers, including Apple and NVIDIA, which further enhances its appreciation potential. It is also just a ten minute drive from Santa Clara University, Santa Clara High School, 49ers Levi's Stadium, and Paramount's Great America. Finally, it features easy access to San Tomas Expressway, El Camino Real, and Lawrence Expressway.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 5
Roof Type Bitumen,Flat
Building
Water Public
Schools
School District Other
Others
Tax ID 22008045
Financing Conventional
Special Listing Condition Standard
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Bought with Satwinder Saran • Alliance Bay Realty
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