The Bristol Manor
15977 Maubert Ave | San Leandro, CA
Sq. Feet 1.38 Acres
$6,700,000
2305-2315 Monroe is a two parcel 16-unit apartment complex located in highly desirable Santa Clara, California. Ideally located right near the headquarters of major tech companies such as Intel, ServiceNOW and the brand new NVIDIA Headquarters, this investment property contains two parcels, 2305 Monroe consisting of 12 units, and 2315 Monroe consisting of 4 units for a combined 16 units and approximately 10,015 sqft of rentable space. Situated on a combined 19,602 sqft lot, with a unit mix consisting of one (1) three-bedroom/two-bath unit, one (1) two-bedroom/two-bath unit, one (1) two-bedroom/1.5-bath unit, four (4) two-bedroom/two-bath units, and nine (9) one-bedroom/one-bath units. Tenant amenities on site include a pool and two private laundry rooms with coin-operated washer/dryer for additional income. Twelve (12) covered carport stalls with personal storage, three (3) enclosed garages, additional uncovered parking on-site. -- There is massive upside in the rents, and a new roof on the larger structure installed in 2020.
Cap Rate: 3.47% NOI: $190,176 Livable Sq. Ft: 10,015
Built in 1962 16 units Lot Sq. Ft: 19,602