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In-PersonVirtual Tour
$ 12,400,000
Est. payment | /mo
19,230 SqFt
$ 12,400,000
Est. payment | /mo
19,230 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,230 sqft
Price per Sqft $644
MLS Listing ID ML82040844
HOA Y/N No
Year Built 1963
Lot Size 0.845 Acres
Property Sub-Type Other
Property Description
Element Apartment Homes is a turnkey, extensively renovated community offering strong in-place income with no near-term capital requirements. All units feature private in-unit washer and dryer and new electrical subpanels, providing enhanced capacity and tenant appeal. The property has undergone a comprehensive renovation program approximately ~$1,500,000 in capital improvements, resulting in a fully renovated, turn-key asset with 25 of 26 units upgraded. In addition, every unit features a private in-unit washer and dryer, a highly differentiated amenity that supports tenant demand and retention. Capital improvements include roof replacement, upgraded subpanels, and extensive interior renovations. As a result, the offering provides a true zero near-term capital expenditure profile, allowing a buyer to step into stabilized operations without additional investment. The property is positioned in the core of Silicon Valley with close proximity to Apple, Google, NVIDIA, LinkedIn, and OpenAI in nearby Mountain View, placing it within one of the regions primary AI and technology employment corridors. Tour and additional information available upon request.
Location
State CA
County Santa Clara
Zoning R3
Interior
Heating Electric
Cooling Other
Fireplace No
Building
New Construction No
Others
Tax ID 16117013
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Listed by Mitchell Zurich • Marcus & Millichap
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