240 Bendorf Drive
240 Bendorf Drive
$3,500,000
—
10,021
10,021
$349
Sold 8/31/23
Description
Built in 1986. Not subject to San Jose rent control. Incredible unit mix: (8) 2 bedroom / 1 bathroom townhouse style apartments and (1) 2 bedroom / 1 bathroom flat. All units feature either private patio or large private yard. Very well-maintained property. Newer roof and exterior paint. Strong in-place rents - Current GRM: 13.33 and Current Cap Rate: 4.95%. Tremendous upside potential - Market GRM: 11.88 and Market Cap Rate: 5.84%. Extremely low historical vacancy rate - 1.6% over the past 5 years....Built in 1986. Not subject to San Jose rent control. Incredible unit mix: (8) 2 bedroom / 1 bathroom townhouse style apartments and (1) 2 bedroom / 1 bathroom flat. All units feature either private patio or large private yard. Very well-maintained property. Newer roof and exterior paint. Strong in-place rents - Current GRM: 13.33 and Current Cap Rate: 4.95%. Tremendous upside potential - Market GRM: 11.88 and Market Cap Rate: 5.84%. Extremely low historical vacancy rate - 1.6% over the past 5 years. The property is located in the Edenvale neighborhood of South San Jose and is convenient to shopping, schools parks and Highways 85 & 101. This property has been lovingly maintained and updated by the same family for almost 25 years and would make a tremendous addition to any real estate portfolio.
- Listed by Steve Zirelli • DRE #01929245 • Brokerage DRE #00586119 • Cornish & Carey Commercial • 650-224-3118
- Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey
Property Details for 240 Bendorf Drive
MLS City Name
SAN JOSE
Building TypeOther
Garage Spaces1
Parking Spaces6
Cross StreetCarryback Avenue
Location
LISTING UPDATED: 09/01/2023 08:27 AM
Property Details for 240 Bendorf Drive
Status | Sold |
---|---|
MLS # | ML81929330 |
Days on Compass | 83 |
Taxes | $49,876 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1986 |
Lot Size | 0.32 AC / 14,080 SF |
County | Santa Clara County |
Location
Building Information for 240 Bendorf Drive
Stories-Residences-Year Built1986Building Size-Lot Size0.32 AC / 14,080 SF
Payment Calculator
$23,257 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 240 Bendorf Drive
Property History for 240 Bendorf Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 240 Bendorf Drive
Taxable ValueLand$481,322Additions$704,266Total$1,185,588
Tax Record2023$19,107 ($1,592 / month)
Home Facts
Total Finished SqFt10,021 SqFtAbove Grade Finished SqFt10,021 SqFtStories2Lot Size14,080 SqFtStyleMulti-Family Res (5+ Units)Year Built1986ZoningR34CountySANTA CLARAAPN684-39-014Fireplace TypeHas Fireplace
Schools near 240 Bendorf Drive
This home is within Oak Grove Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Edenvale Elementary School PublicK to 6 | ||
Davis (Caroline) Intermediate School Public7 to 8 | ||
Oak Grove High School Public9 to 12 | ||
The Academy Public5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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