3194 Moorpark
Size: 4 Units
Sold: $1,920,000

3194 Moorpark Ave. is a four-unit apartment building that offers all the needed amenities paired with an excellent location. The unit mix consists of four units that are 2 bedroom / 1 bathroom while also approximately 785 square feet. Each unit also comes with a private garage that is built into the main building. The property sits on a 0.15 acres (or 6,534 sq ft) lot. Among the amenities provided are a gated security entrance, a common outdoor area, and an on-site laundry room.

The property is located a short walk away from Santana Row along with Valley Fair Shopping Center, both serving as the center of commerce and culture in West San Jose. Given its location, residents are also a short drive away from Downtown Campbell (via San Tomas Expressway) and Main St. Cupertino (via I-280).

San Jose is one of the most expensive cities in the United States with average median home prices over $1.24M (as of September 2021) placing homeownership out of reach for most residents which creates a robust tenant base. 3194 Moorpark, with its location near every major street, next to Santana Row, and the emergence of Santana West, makes this an attractive investment for short and long-term investors.

Highlights

• Spacious units averaging over 785 square feet each.

• Common area in the back of the property.

• Each unit has a spacious kitchen with an eating area and a living room.

• Gated entrance provides a sense of security.

• Property has an attached four-car garage allowing for one space per unit.

• Select units have been renovated with new flooring and paint.

• Common areas present a capital improvement opportunity