Palm Court Apartments represents the rare opportunity to acquire an exceptional 56-unit multifamily asset located at 750-760 N 23rd St in thriving San Jose, California. Situated on a parcel of land totaling 1.54-acres, the subject property was originally constructed in 1961 and has a gross building area of approximately 40,796 square feet, offering its tenants beautifully designed one-bedroom, two-bedroom and three-bedroom floor plans. The subject property has recently undergone extensive exterior and interior capital improvements. 48 of the 56 units have been completely remodeled and renovated with vinyl plank flooring, stainless steel appliances, granite countertops, modern cabinetry and in-unit washer dryers. Tenants and residents also enjoy convenient access to many community amenities including a sunny community courtyard, community pool and private parking. The investment appeal of this asset is driven by San Joses strong employment fundamentals and low vacancy levels.
MLS #
ML81878517
MLS Source
MLSListings, Inc.
Days on Site
134
Buyer's Brokerage Compensation*
1.00
Kitchen
Countertop - Granite, Exhaust Fan, Hookups - Gas
Appliances
Cooktop - Gas, Dishwasher, Exhaust Fan, Freezer, Microwave, Oven - Electric, Washer/Dryer - Some Units
Flooring
Vinyl/Linoleum
Cooling
Ceiling Fan
Heating
Wall Furnace
Roof
Flat, Rolled/Hot Mop
Foundation
Concrete Perimeter
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Water
Public
Zoning
R3
750 - 760 N 23rd St is a Residential Income in San Jose, CA 95112. This 40,796 square foot property sits on a 1.54 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $24,898,000 and was built in 1961.
This address can also be written as 750 - 760 N 23rd St, San Jose, CA 95112.©2022 MLSListings Inc. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 10, 2022. For the most current information, please contact Robert Johnston, (650) 391-1744