Property Details
About this Property
Built in 1986. Not subject to San Jose rent control. Incredible unit mix: (8) 2 bedroom / 1 bathroom townhouse style apartments and (1) 2 bedroom / 1 bathroom flat. All units feature either private patio or large private yard. Very well-maintained property. Newer roof and exterior paint. Strong in-place rents - Current GRM: 13.33 and Current Cap Rate: 4.95%. Tremendous upside potential - Market GRM: 11.88 and Market Cap Rate: 5.84%. Extremely low historical vacancy rate - 1.6% over the past 5 years. The property is located in the Edenvale neighborhood of South San Jose and is convenient to shopping, schools parks and Highways 85 & 101. This property has been lovingly maintained and updated by the same family for almost 25 years and would make a tremendous addition to any real estate portfolio.
MLS Listing Information
MLS #
ML81929330
MLS Source
MLSListings, Inc.
Interior Features
Flooring
Carpet, Laminate, Tile, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
None
Heating
Central Forced Air - Gas
Exterior Features
Roof
Composition, Shingle
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Attached Garage, Carport, Garage: 1 Car(s)
Elementary District
Oak Grove Elementary
High School District
East Side Union High
Sewer
Public Sewer
Water
Public
Complex Amenities
Common Utility Room
Zoning
R34
Contact Information
Listing Agent
Steve Zirelli
Cornish & Carey Commercial
License #: 01929245
Phone: (650) 224-3118
Co-Listing Agent
Justin Bautista
License #: 01268331
Phone: (650) 996-9384
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 9 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $2,475 | $2,475 | 1 |
| 2 | – | 2 | 0/1 | $2,190 | $2,575 | 8 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
240 Bendorf Dr is a Residential Income in San Jose, CA 95111. This 10,021 square foot property sits on a 0.323 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1986. This address can also be written as 240 Bendorf Dr, San Jose, CA 95111.
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This listing information is up-to-date as of September 01, 2023. For the most current information, please contact Steve Zirelli, (650) 224-3118
