Multifamily
2970 Magliocco Dr
2970 Magliocco Dr, San Jose, CA 95128
Listing Price: $4,410,000
Investment Overview
2970 Magliocco Dr is an exceptional 18-unit apartment community located in thriving San Jose, California.
Situated on a parcel of land totaling 12,285 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 8,072 square feet, offering its tenants beautifully designed two-bedroom and studio floor plans.
The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime West San Jose location featuring convenient access to Downtown San Jose (7 miles) and Santana Row (2 miles) home to a myriad of high-end shopping, dining and entertainment options. As part of Silicon Valley, this location offers renters close proximity to many of the nation's top tech employers including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others.
The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 2970 Magliocco Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
2970 Magliocco Dr
Investment Highlights
- Exceptional West San Jose Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in Silicon Valley.
- Convenient Community Amenities - Tenants enjoy convenient community amenities such as an on-site laundry facility and private covered parking for each unit.
- Recent Renovations - Tenants enjoy granite countertops, cherrywood cabinets, vinyl plank flooring, stainless steel appliances (in select units) and dual pane windows throughout.
- Proximity to Essential Amenities - 2970 Magliocco Dr is positioned within close proximity to essential amenities such as grocery stores, healthcare facilities, educational institutions, recreational parks, and cultural attractions. Tenants can readily access these amenities, making their daily routines more convenient and enhancing their overall quality of life.
- Quick Access Around the Bay Area - The subject property offers tenants and residents convenient access to I-280 and other major transportation institutions, major employers, and the various lifestyle amenities offered in the Bay Area.
Listing Price: $4,410,000
Investment Highlights
- Exceptional West San Jose Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in Silicon Valley.
- Convenient Community Amenities - Tenants enjoy convenient community amenities such as an on-site laundry facility and private covered parking for each unit.
- Recent Renovations - Tenants enjoy granite countertops, cherrywood cabinets, vinyl plank flooring, stainless steel appliances (in select units) and dual pane windows throughout.
- Proximity to Essential Amenities - 2970 Magliocco Dr is positioned within close proximity to essential amenities such as grocery stores, healthcare facilities, educational institutions, recreational parks, and cultural attractions. Tenants can readily access these amenities, making their daily routines more convenient and enhancing their overall quality of life.
- Quick Access Around the Bay Area - The subject property offers tenants and residents convenient access to I-280 and other major transportation institutions, major employers, and the various lifestyle amenities offered in the Bay Area.
Investment Overview
2970 Magliocco Dr is an exceptional 18-unit apartment community located in thriving San Jose, California. Situated on a parcel of land totaling 12,285 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 8,072 square feet, offering its tenants beautifully designed two-bedroom and studio floor plans. The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime West San Jose location featuring convenient access to Downtown San Jose (7 miles) and Santana Row (2 miles) home to a myriad of high-end shopping, dining and entertainment options. As part of Silicon Valley, this location offers renters close proximity to many of the nation's top tech employers including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 2970 Magliocco Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
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