Part of a 3-building portfolio. Marketing packages available. CAP rate: 4.44% Current / 4.13% Potential. 764 San Justo Court is a wonderful 12-unit apartment community with 8 (2-Bed/1-Bath) and 4 (1-Bed/1-Bath) units. 5 units have large private patios and the grounds have mature trees and landscaping creating a garden style environment. 15 parking spaces. Recent capital improvements of over $300,000. 10 of 12 units remodeled. Copper piping and dual pane windows throughout. New electric main panel and subpanels in all units, backflows, siding, paint, roof work, and more. Strategically located near VTA, Caltrain, and Highway 101. Opportunity to add further value by increasing income and continuing the repositioning of the property to the preferences of Silicon Valley technology employees. The shortage of housing units, rent growth, and proximity to large Silicon Valley employers make 764 San Justo Court a great opportunity for both the cash flow and appreciation-minded investor.
Courtesy of Marcus & Millichap, Ismael Benhamida.
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