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Listed by Jake Anthony, DRE #02059020 • MJA Equity Investments, Inc.
$ 9,350,000
Est. payment /mo
New
906 Burbank DR Santa Clara, CA 95051
4 Beds
3 Baths
14,677 SqFt
UPDATED:
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
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