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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Jake Anthony, DRE #02059020 • MJA Equity Investments, Inc.

$ 9,350,000

Est. payment | -/mo

4 Beds

3 Baths

14,677 SqFt

Save

$ 9,350,000

Est. payment | -/mo

Save

4 Beds

3 Baths

14,677 SqFt

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 14,677 sqft

Price per Sqft $637

MLS Listing ID ML82066884

Bedrooms 4

Full Baths 3

Year Built 1961

Lot Size 0.550 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Offering of 7 tenant-in-common (TIC) positions totaling a 33.75% undivided interest in Lawrence Arms Apartments, a 22-unit community in Santa Clara. Positions range from 3.43% to 5.14% and may be purchased individually or in combination, priced pro rata to a $9,350,000 property valuation ($425,000/unit; $3,155,625 combined). Each sale is subject to the existing TIC agreement. Do NOT disturb tenants or on-site staff; tours by appointment only with listing agent. Units 04 and 10 are leased to a corporate housing company on a revenue share. Offering Memorandum, rent roll and financials available upon request

Location

State CA

County Santa Clara

Area Santa Clara

Zoning R3

Interior

Heating Gas

Cooling Multi-Zone

Flooring Laminate

Exterior

Parking Features Assigned Spaces, Carport

Garage Spaces 2.0

Pool Pool - Heated, Pool - In Ground

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer in Street

Water Private / Mutual

Others

Tax ID 290-40-029

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

906 Burbank DR Santa Clara, CA 95051