2970 Magliocco Dr - Apartments FOR SALE


San Jose, CA 95128- Magliocco-Huff
$4,410,000 USD
408-655-9377
2970 Magliocco Dr, San Jose, CA for Sale
$4,410,000 USD
Apartments - FOR SALE
1/14
null | 5.54% Cap Rate

2970 Magliocco Dr
San Jose, CA 95128
Magliocco-Huff


HIGHLIGHTS

  • Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in Silicon Valley.
  • Tenants enjoy convenient community amenities such as an on-site laundry facility and private covered parking for each unit.
  • Tenants enjoy granite countertops, cherrywood cabinets, vinyl plank flooring, stainless steel appliances (in select units) and dual pane windows.
  • 2970 Magliocco Dr is positioned within close proximity to essential amenities such as grocery stores and healthcare facilities.
  • Tenants can readily access these amenities, making their daily routines more convenient and enhancing their overall quality of life.
  • The subject property offers tenants and residents convenient access to I-280 and other major transportation institutions.

OVERVIEW

Open House | Please Call to RSVP | Tuesday 5/6/25 & Thursday 5/8/25 from 11AM-1PM 2970 Magliocco Dr is an exceptional 18-unit apartment community located in thriving San Jose, California. Situated on a parcel of land totaling 12,285 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 8,072 square feet, offering its tenants beautifully designed two-bedroom and studio floor plans. The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime West San Jose location featuring convenient access to Downtown San Jose (7 miles) and Santana Row (2 miles) home to a myriad of high-end shopping, dining and entertainment options. As part of Silicon Valley, this location offers renters close proximity to many of the nation's top tech employers including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 2970 Magliocco Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$4,410,000 USD

PRICE/SF

$546 USD /SF

# OF UNITS

18

PRICE/UNIT

$245,000

CAP RATE

5.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

-

APN/PARCEL ID

279-08-027

ASK ABOUT THIS PROPERTY

Jake ClyneMarcus & MillichapMore Info
408-655-9377

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Jake ClyneMarcus & MillichapMore Info
408-655-9377

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