Palm Court Apartments represents the rare opportunity to acquire an exceptional 56-unit multifamily asset located 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 including a 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:
- 1.54
- Year Built:
- 1961
- Listing ID #:
- ML81878517
- Street Address:
- 750 - 760 N 23rd Street
- City:
- San Jose
- State:
- California
- Postal Code:
- 95112
- County:
- Santa Clara
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
- Total Building Square Footage:
- 40796
- Type Of Roof:
- Rolled/Hot Mop
- Year Built:
- 1961
- Lot Size:
- 1.54
- Lot Square Footage:
- 67082
- Parking Description:
- Assigned
- Cooling System:
- Ceiling Fan(s)
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Heating:
- Wall Furnace
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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
