2955 Neet Avenue
2955 Neet Avenue
$10,450,000
—
20,076
20,076
$521
Sold 2/8/22
Description
This well-maintained property offers the opportunity to acquire an apartment complex in an ideal rental location. The property features an outstanding unit mix of (18) 2 bedroom/1 bathroom apartments - 860 sf each and (6) 1 bedroom/1 bathroom apartments - 774 sf each. The property is gated and features an attractive courtyard. There is the potential to add a 25th unit as an ADU. There is a large open space on the 2nd floor that is not being utilized. There is an additional area on the 2nd floor that...This well-maintained property offers the opportunity to acquire an apartment complex in an ideal rental location. The property features an outstanding unit mix of (18) 2 bedroom/1 bathroom apartments - 860 sf each and (6) 1 bedroom/1 bathroom apartments - 774 sf each. The property is gated and features an attractive courtyard. There is the potential to add a 25th unit as an ADU. There is a large open space on the 2nd floor that is not being utilized. There is an additional area on the 2nd floor that will allow two of the 2+1 apartments to be converted into two 2+2 apartments with in unit laundry. Please see the drawings for these in the offering memorandum. This strong rental location is moments from Santana Row, Valley Fair Mall, Downtown Campbell and is near Highways 280, 17 and Santa Tomas Expressway. The property is also moments away from shopping, schools and parks. A buyer should be able to secure a new loan at 3.15% fixed for 7 years with 3-4 years of interest only payments.
- Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 650-996-9384
Property Details for 2955 Neet Avenue
MLS City Name
SAN JOSE
Building TypeOther
Garage Spaces0
Parking Spaces0
Location
LISTING UPDATED: 02/08/2022 01:11 PM
Property Details for 2955 Neet Avenue
Status | Sold |
---|---|
MLS # | ML81873768 |
Days on Compass | 12 |
Taxes | $138,284 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1963 |
Lot Size | 0.84 AC / 36,401 SF |
County | Santa Clara County |
Location
Building Information for 2955 Neet Avenue
Stories-Residences-Year Built1963Building Size-Lot Size0.84 AC / 36,401 SF
Payment Calculator
$68,554 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2955 Neet Avenue
Property History for 2955 Neet Avenue
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 2955 Neet Avenue
Taxable ValueLand$7,073,700Additions$3,585,300Total$10,659,000
Tax Record2023$139,507 ($11,626 / month)
Home Facts
Total Finished SqFt20,076 SqFtAbove Grade Finished SqFt20,076 SqFtStories2Lot Size37,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningRMCountySANTA CLARAAPN279-14-022Fireplace TypeHas Fireplace
Schools near 2955 Neet Avenue
This home is within Campbell Union School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Charter - | 5 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Castlemont Elementary School CharterK to 5 | ||
Monroe Middle School Charter5 to 8 | ||
Del Mar High School Public9 to 12 | ||
Boynton High School Public9 to 12 |
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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