1566 Stokes St - Apartments FOR SALE


San Jose, CA 95126- Barbera-Stokes
$1,850,000 USD
408-205-2679
1566 Stokes St, San Jose, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/10
null | 3.36% Cap Rate

1566 Stokes St
San Jose, CA 95126
Barbera-Stokes


HIGHLIGHTS

  • Property has completed all SB-721 requirements - the required inspections of exterior elevated elements (balconies).
  • Unit 1 has been fully renovated with new stainless steel appliances, flooring, countertops, and bathroom fixtures.
  • Most of the units are large and spacious.
  • Residents are within walking distance of eBay's Main Campus, the Pruneyard Shopping Center, and Downtown Campbell.
  • Lightrail offers a direct route to either Downtown Campbell or Downtown San Jose.

OVERVIEW

Arguably the nicest fourplex currently on the market in San Jose! Come see for yourself! New roof 2020. SB 721 is complete - new balconies with new handrails. New exterior paint 2023. "Owners" unit, the 3 bed 2.5 bath, is completely remodeled. Excellent location near the Los Gatos Creek Trail. Minutes from Valley Fair, Santa Row and Ebay world HQ. 1566 Stokes Street consists of (1) 3 bed / 2.5 bath, (1) 2 bed / 1 bath, and (2) 1 bed / 1 bath. Significant upside as the 2-bedroom and 1-bedroom units can be renovated to achieve significantly higher rents. Residents enjoy amenities such as on-site parking in a gated lot and on-site laundry. The location is also a key highlight as it's next to several major streets and transit hubs, while located between numerous centers of economic activity. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

4

PRICE/UNIT

$462,500

CAP RATE

3.36%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R4H, San Jose

APN/PARCEL ID

284-27-031

ASK ABOUT THIS PROPERTY

Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

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Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.