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3238 Impala Dr

San Jose, CA 95117
  • $1,998,000
  • STATUS: Active Under Contract
  • ON SITE: 32 Days
  • MLS #: ML81863936
Under Contract
UPDATED: 27 min ago
$1,998,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,834
    SQFT
  • $521
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:
Area:

School Ratings & Info

Description

Well-maintained 6-plex in West San Jose. Newer dual paned windows. Unit Mix: (4) 1 bedroom / 1 bathroom & (2) 2 bedroom / 1 bathroom. Below market rents - Tremendous upside potential! Market GRM: 13.09 and Market Cap Rate: 5.22%. Strong cash on cash return - Current 5.79% and Market 8.17%. Outstanding debt available fixed at 3.25% for 7 years with 3 years of interest only. Solid rental location - moments to Downtown Campbell and Santana Row. Convenient to Highways 17 & 280. Walking distance to schools, parks and shopping.

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© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-10-26T21:48:29.18. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Guide Real Estate.

Licensed in the State of California.
www.sfrealestateprofessionals.com/homes/121724259
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3238 Impala Dr San Jose, CA 95117

  • Price: $1,998,000
  • Status: Active Under Contract
  • Updated: 27 min ago
  • MLS #: ML81863936
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,834
SQFT
$521
$/SQFT
1959
Built
Neighborhood:
Campbell
County:
Santa Clara
Area:
Campbell
Property Description
Well-maintained 6-plex in West San Jose. Newer dual paned windows. Unit Mix: (4) 1 bedroom / 1 bathroom & (2) 2 bedroom / 1 bathroom. Below market rents - Tremendous upside potential! Market GRM: 13.09 and Market Cap Rate: 5.22%. Strong cash on cash return - Current 5.79% and Market 8.17%. Outstanding debt available fixed at 3.25% for 7 years with 3 years of interest only. Solid rental location - moments to Downtown Campbell and Santana Row. Convenient to Highways 17 & 280. Walking distance to schools, parks and shopping.
Exterior Features

Foundation Concrete Perimeter And Slab Garage Parking Covered Parking Number Of Buildings 1 Pool YN No Roof CompositionShingle Units In Complex Min 6

Interior Features

Beds Unit1 1 Beds Unit2 2 Cooling None Heating GasWall Furnace Structure Sq Ft 3834

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name San Jose Hoa YN No Incorporated No Lot Size Area Maximum 6619.00 Meters Master WaterSeparate ElectricSeparate Gas Rent Unit1 1570 Rent Unit2 1968 Restrictions None Security Features None Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas Meters Water Public Zoning R3

© 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Justin Bautista of Newmark Cornish & Carey.


© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-10-26T21:48:29.18. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Guide Real Estate.

Licensed in the State of California.
 
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