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Key Details
Sold Price $3,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81980925
Sold Date 10/21/24
HOA Y/N No
Year Built 1963
Annual Tax Amount $42,351
Lot Size 0.286 Acres
Property Description
21710 Lomita Ave is an exceptional 6-unit investment opportunity located in the thriving city of Cupertino, CA. Situated on a 12,480 square foot parcel of land, the subject property was originally constructed in 1963 and has a gross building area of approximately 4,743 square feet, offering tenants 100% beautifully designed two-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private carports, secured garage parking and an on-site community laundry facility. The city of Cupertino is located in the heart of Santa Clara County and the Silicon Valley. The city is well-situated and as the hometown of the largest tech company in the world, Apple Inc., has helped shape new technologies and markets originating in the Silicon Valley. The investment appeal of this asset is driven by Cupertino's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the Silicon Valley, 21710 Lomita Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 4
Roof Type Flat,Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 35718002
Financing Cash
Special Listing Condition Standard
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Bought with Adam S. Levin • Marcus & Millichap
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130