470 Boynton Ave
San Jose, CA 95117
The Parc @ 470 · Multifamily Property For Sale
·
40 Units
Property Facts
| No. Units | 40 | Lot Size | 1.09 AC |
| Property Type | Multifamily | Building Size | 30,854 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 2.05/1,000 SF |
| Zoning | RM | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 30,854 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.05/1,000 SF |
| Zoning | RM |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
About 470 BOYNTON AVE , SAN JOSE, CA 95117
Turnkey investment opportunity. Well-maintained building. Attractive courtyard with pool. New dual paned windows, new hot water heaters, upgraded electrical, a/c wall units, fresh exterior paint. Copper plumbing throughout and to street. Parking lot resurfaced in 2017. Ample parking - 1.5:1. (35) Garages, (6) Carports, (20) Open Stalls. Earthquake retrofit. Mansard style roof with 30-year comp shingle. Laundry room with (4) washers and (4) dryers. Machines are owned. Private patios and balconies. Unit mix: (28) 1+1, (8) 2+1.5, (3) 2+1.5TH, (1) 4+2TH. Spacious units - average 743 SF each. Large lot - 1.09 acres. Outstanding rental location - convenient to Highway 280, San Tomas Expressway & Stevens Creek. Close to Santana Row, Valley Fair Mall, Apple Spaceship Campus. Blocks to upcoming 15 acre mixed use development. Tremendous upside potential - Market GRM: 13.44 and Market Cap Rate: 4.99%. Please email jbautista@aranewmark for a complete offering memorandum. Co-listed with Joel Hopman (jhopman@aranewmark.com). Do not disturb occupants. Offers subject to inspection.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | $1,755 | 700 |
| 2+2 | 11 | $2,143 | 900 |
| 4+2 | 1 | $2,730 | 1,200 |
Property Taxes
| Parcel Number | 303-28-050 | Improvements Assessment | $9,318,439 |
| Land Assessment | $7,156,170 | Total Assessment | $16,474,609 |
Property Taxes
