975 Boynton Avenue

San Jose, CA 95117

$14,440,000
Last Sold Price
Beds
34,144 Sq. Ft.
$423 / Sq. Ft.
34,144
Sq. Ft.
$423
per Sq. Ft.

Description

oynton Gardens is an extensively renovated 48-unit garden style apartment community in West San Jose. This investment features an attractive unit mix of (16) 1+1 and (32) 2 +1. The majority of the apartments have been renovated and feature large balconies/patios. The property underwent an exterior renovation with a contemporary paint scheme, dual paned windows, bbq area, and new TPO roofs. The building benefits from copper plumbing and a high efficiency hot water heater system. The oversized parcel...oynton Gardens is an extensively renovated 48-unit garden style apartment community in West San Jose. This investment features an attractive unit mix of (16) 1+1 and (32) 2 +1. The majority of the apartments have been renovated and feature large balconies/patios. The property underwent an exterior renovation with a contemporary paint scheme, dual paned windows, bbq area, and new TPO roofs. The building benefits from copper plumbing and a high efficiency hot water heater system. The oversized parcel allows for ample parking as the property boasts a 1.5:1 parking ratio and no tuck under parking. This is TRULY A TURNKEY INVESTMENT. The property features an +/- 800 square foot office/storage that can be converted into (2) studio ADUs. The ideal rental location is convenient to 280, San Tomas Expressway, shopping, schools, parks and employers. Strong in-place rents with upside potential.
  1. Listed by Justin Bautista • DRE #01268331 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 650-996-9384

Property Details for 975 Boynton Avenue

MLS City Name
SAN JOSE
Building Type
Other
Complex Name
Boynton Gardens
Garage Spaces
0
Parking Spaces
23

Location

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Add your commute
LISTING UPDATED: 08/25/2023 08:38 AM

Property Details for 975 Boynton Avenue

StatusSold
MLS #ML81921118
Days on Compass73
Taxes$219,258 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1974
Lot Size1.55 AC / 67,415 SF
CountySanta Clara County

Location

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Sold By Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Add your commute

Building Information for 975 Boynton Avenue

Stories-Residences-Year Built1974Building Size-Lot Size1.55 AC / 67,415 SF

Payment Calculator

$97,077 per month

30 year fixed, 7.25% Interest

Principal and Interest

$78,805

Property Taxes

$18,272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 975 Boynton Avenue

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 34144
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Separate Electric
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Public
Carport and Parking
  • Carport Min: 48
Garage
  • Garage and Parking: Carport, Covered Parking, Uncovered Parking
Property Details
Homeowners Association
  • HOA Amenities: BBQ Area
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Building Name: Boynton Gardens
  • Min Num Of Units in Complex: 48
  • Area Text: Campbell
  • Restrictions: None
  • Roof: Polyurethane
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 975
  • Street Name: Boynton Ave
  • Area ID: 15
Lot / Property Details
Building Information
  • Number of Buildings: 4
  • Structure SqFt: 34144
  • Structure SqFt Source: Other
  • Age: 49
Development Information
  • Zoning Detail: SJ
Location Information
  • Parcel Number: 299-32-077
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95117
  • Elementary School District: 464
  • High School District Text: Campbell Union High
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: 1.55
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
General Information
  • Annual Tax Amount: $219,258
  • Capitalization Rate: 4.91
  • Tenant Expenses: Fee - Parking, Utilities - Electric
  • Income Includes: Laundry, Parking
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $20,486
  • Expense Landscape: $6,000
  • Expense Maintenance: $36,000
  • Expense Management: $81,896
  • Expense Trash: $16,219
  • Expenses Other: $59,574
  • Expenses Utility: $24,569
  • Expenses Total: $464,002
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - On-Site Manager, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Vacancy Factor
  • Gross Rent Multiplier: 12.82
  • Income Annual Gross: $1,323,905
  • Income Annual Rental: $1,321,770
  • Income Gross Scheduled: $1,364,850
  • Income Other: $43,080
Unit 1 Information
  • Unit 1 Full Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,968
  • Unit 1 Type: Apartment
Unit 2 Information
  • Unit 2 Approx Square Footage: 600
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,990
  • Unit 2 Type: Apartment
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 800
  • Unit Type1 Units Total: 32
Unit Type 2
  • Unit Type2 Units Total: 16
Listing Info
Rental Info
  • Lease Type: Net

Property History for 975 Boynton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 975 Boynton Avenue

Taxable ValueLand$9,876,795Additions$3,775,792Total$13,652,587
Tax Record2023$192,304 ($16,025 / month)
Home Facts
Total Finished SqFt34,144 SqFtAbove Grade Finished SqFt34,144 SqFtStories2Lot Size65,775 SqFtStyleMulti-Family Res (5+ Units)Year Built1974ZoningSJCountySANTA CLARAAPN299-32-077Fireplace TypeHas Fireplace

Schools near 975 Boynton Avenue

This home is within Moreland School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Leroy Anderson Elementary School
PublicK to 5

Moreland Middle School
Public6 to 8

Prospect 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.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newmark Cornish & Carey, Justin Bautista, DRE #01268331

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.