975 Boynton Ave, San Jose, CA 95117

About this commercial property

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.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$14,440,000

Sold August 2023 · listed $17,500,000, on market March 2023 · MLS #ML81921118 · Source: CRMLS

Listing Agent: Justin Bautista · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Justin Bautista · Newmark Cornish & Carey

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