240 Bendorf DR, San Jose, CA 95111
- $3,500,000
- 10,021
- SqFt
Listed by Steve Zirelli, 650-224-3118 from Cornish & Carey Commercial
(If provided) CoList: Justin Bautista from Newmark Cornish & Carey
Sold listing courtesy of Tam Nguyen from PHPG
- Sold Price
- $3,500,000
- List Price
- $3,595,000
- Closing Date
- Aug 31, 2023
- MLS#
- ML81929330
- Status
- SOLD
- Sqft. of Residence
- 10,021
- Lot Size
- 14,080
- Listing Area
- South San Jose
- Year Built
- 1986
Property Description
Built in 1986. Not subject to San Jose rent control. Incredible unit mix: (8) 2 bedroom / 1 bathroom townhouse style apartments and (1) 2 bedroom / 1 bathroom flat. All units feature either private patio or large private yard. Very well-maintained property. Newer roof and exterior paint. Strong in-place rents - Current GRM: 13.33 and Current Cap Rate: 4.95%. Tremendous upside potential - Market GRM: 11.88 and Market Cap Rate: 5.84%. Extremely low historical vacancy rate - 1.6% over the past 5 years. The property is located in the Edenvale neighborhood of South San Jose and is convenient to shopping, schools parks and Highways 85 & 101. This property has been lovingly maintained and updated by the same family for almost 25 years and would make a tremendous addition to any real estate portfolio.
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Additional Information
- Acres
- 0.32
- Cooling System
- None
- Days On Market
- Unknown
- Floor Covering
- Carpet, Laminate, Tile, Vinyl / Linoleum
- Foundation
- Concrete Perimeter
- Garage Parking
- Attached Garage, Carport, Uncovered Parking
- Heating System
- Central Forced Air - Gas
- Laundry Facilities
- Coin Operated
- Living Area
- 10,021
- Lot Size
- 14,080
- Neighborhood
- South San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition, Shingle
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R34
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