2991-3001 Magliocco Drive
2991-3001 Magliocco Drive
$7,600,000
—
16,962
16,962
$448
Sold 6/7/21
Description
Magliocco Manor is an excellent opportunity for a buyer to acquire a quality investment property in and ideal rental location. 16 of the 24 units have been upgraded. The units are spacious and average over 700 sf each. The complex has new dual paned windows, copper plumbing and new carport roofs. The property consists of (2) 12-unit complexes on adjacent parcels. Does not require an on-site manager. Buyer can secure 2 individual loans and sell off properties individually in the future. Unit mix:...Magliocco Manor is an excellent opportunity for a buyer to acquire a quality investment property in and ideal rental location. 16 of the 24 units have been upgraded. The units are spacious and average over 700 sf each. The complex has new dual paned windows, copper plumbing and new carport roofs. The property consists of (2) 12-unit complexes on adjacent parcels. Does not require an on-site manager. Buyer can secure 2 individual loans and sell off properties individually in the future. Unit mix: (18) 1+1 and (4) 2+1. Large common courtyard. Strong in-place rents with upside potential. Market GRM: 13.03 and Market Cap Rate: 5.06%. Outstanding rental location - walking distance to Santana Row & Valley Fair Mall. Convenient to highways 280 and 880. Many large office complexes nearby. Incredible financing available - quotes 7 year fixed at 3.35% with 3 years of interest only payments.
- Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 650-996-9384
Property Details for 2991-3001 Magliocco Drive
MLS City Name
SAN JOSE
Building TypeOther
Complex NameMagliocco Manor
Garage Spaces0
Parking Spaces0
Cross StreetWinchester Boule
Location
LISTING UPDATED: 06/07/2021 02:51 PM
Property Details for 2991-3001 Magliocco Drive
Status | Sold |
---|---|
MLS # | ML81825743 |
Days on Compass | 21 |
Taxes | $105,687 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1959 |
Lot Size | 0.64 AC / 28,069 SF |
County | Santa Clara County |
Location
Building Information for 2991-3001 Magliocco Drive
Stories-Residences-Year Built1959Building Size-Lot Size0.64 AC / 28,069 SF
Payment Calculator
$50,284 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2991-3001 Magliocco Drive
Property History for 2991-3001 Magliocco 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.
Schools near 2991-3001 Magliocco Drive
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 |
---|---|---|
Lynhaven 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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