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Listed by Robert Johnston • Marcus & Millichap
$4,410,000
Est. payment /mo
8,072 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,072 sqft
Price per Sqft $546
MLS Listing ID ML82004853
HOA Y/N No
Year Built 1962
Lot Size 0.282 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
2970 Magliocco Dr is an exceptional 18-unit apartment community located in thriving San Jose, California. Situated on a parcel of land totaling 12,285 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 8,072 square feet, offering its tenants beautifully designed two-bedroom and studio floor plans. The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime West San Jose location featuring convenient access to Downtown San Jose (7 miles) and Santana Row (2 miles) home to a myriad of high-end shopping, dining and entertainment options. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 2970 Magliocco Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling Other
Fireplace No
Exterior
Handicap Access Other
Building
Water Public
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