Eco Friendly
Address
2991-3001 Magliocco DR San Jose, CA
Price
$ 7,800,000
Property Attributes
  • MLS#ML81825743
  • TypePending
  • CountySANTA CLARA
  • CitySan Jose
  • AreaCampbell
  • Zip95128
  • Style
  • Price$ 7,800,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16962
  • Lot Size0.64 Acres
Listing Provided Courtesy Of:
Justin Bautista with Newmark Cornish & Carey.
Data Source:
MLS Listings
Property 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: (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.

Price History
1/14/2021 Listed $7,800,000

General Features

# of Buildings 3
Accessibility None
Age 62
Association Amenities BBQ Area, Common Utility Room
City SAN JOSE
City Limits (y/n) Yes
Complex Name Text Magliocco Manor
Cooling None
County Santa Clara
Energy Features Double Pane Windows
Flooring Carpet, Laminate, Tile, Vinyl / Linoleum
Heating Gas, Wall Furnace
Incorporated Y/n Yes
Listing Agent State License 01268331
MLS Area Campbell
Parking Features Assigned Spaces, Covered Parking
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition, Shingle
Security Features Security Fence
Special Listing Conditions Not Applicable
Status Pending (Do Not Show)
Utilities Individual Electric Meters, Individual Gas Meters
Water Public
Year Built 1959
Zoning Text RM

Interior Features

Laundry Features Coin Operated, Washer / Dryer
Living Sqft 16962
Unit 1 Rent 1556
Unit 2 Approx Square Footage 800
Unit 2 Number Of Bedrooms 2

Exterior Features

Building Area Total 16962
Foundation Details Concrete Perimeter and Slab
Lot Acres 0.6444
Lot Size Area 28069.00
Lot Size Units Square Feet
Maximum Lot Size 28069.00
Meters Master Water, Separate Electric, Separate Gas
Sewer/Septic Sewer - Public, Sewer Connected
Yard/grounds BBQ Area, Courtyard, Sprinklers - Lawn

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95128

Price
AVG $1.35M
$7.8M
Visits
AVG 14
55
Year Built
AVG 1969
1959
Walkscore
AVG 62
75
Data Provided by Walkscore ® not using MLS data

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