REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 9,350,000
Est. payment | /mo
0.55 Acres Lot
$ 9,350,000
Est. payment | /mo
0.55 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82066884
HOA Y/N No
Year Built 1961
Annual Tax Amount $93,630
Lot Size 0.550 Acres
Property Description
Offering of 7 tenant-in-common (TIC) positions totaling a 33.75% undivided interest in Lawrence Arms Apartments, a 22-unit community in Santa Clara. Positions range from 3.43% to 5.14% and may be purchased individually or in combination, priced pro rata to a $9,350,000 property valuation ($425,000/unit; $3,155,625 combined). Each sale is subject to the existing TIC agreement. Do NOT disturb tenants or on-site staff; tours by appointment only with listing agent. Units 04 and 10 are leased to a corporate housing company on a revenue share. Offering Memorandum, rent roll and financials available upon request
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Fireplace No
Exterior
Carport Spaces 20
Roof Type Shingle
Total Parking Spaces 2
Schools
School District Other
Others
Tax ID 29040029
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=jFLbrL4kHDW
Listed by Jake Anthony MJA Equity Investments, Inc. #02059020