1175 Ranchero Way | San Jose, CA 95117
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- LoopNet Team
1175 Ranchero Way
San Jose, CA 95117
Ranchero Palms | 61 Units | West San Jose · Multifamily Property For Sale
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61 Units
INVESTMENT HIGHLIGHTS
- More than $5.2 million spent on major high-end exterior improvements pave the way for straight forward interior value-add execution
- Average rent in West San Jose has increased nearly 18% since the beginning of 2021 and is expected to grow an additional 33% over the next 5 years
- San Jose economic fundamentals point to continued population & rent growth
- Opportunity to immediately execute interior value-add strategy in 16 units and achieve market rate rent
- Central location proximate to Silicon Valley major employers
- 38% increase to the median single family home sale price over the last 5 years
PROPERTY FACTS
| No. Units | 61 | Building Size | 45,385 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.85/1,000 SF |
| Lot Size | 1.91 AC | ||
| Zoning | R3 | ||
| No. Units | 61 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.91 AC |
| Building Size | 45,385 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 45 | - | 660 |
| 2+2 | 16 | - | 840 |
PROPERTY TAXES
| Parcel Number | 299-16-045 | Improvements Assessment | $6,228,601 |
| Land Assessment | $12,484,800 | Total Assessment | $18,713,401 |
PROPERTY TAXES
Parcel Number
299-16-045
Land Assessment
$12,484,800
Improvements Assessment
$6,228,601
Total Assessment
$18,713,401
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