Marcus & Millichap is pleased to present 2868 Homestead Road, a rare and desirable 15 unit townhome style apartment community offering investors a premium opportunity in one of Silicon Valleys most sought after submarkets. The property features thirteen 2 bedroom, 2.5 bathroom townhomes, one spacious 3 bedroom, 2.5 bathroom townhome,… Read More and one efficiency studio unit, providing a diverse and highly rentable configuration. Each unit includes central air conditioning and forced air heating, adding meaningful comfort and long term value. The townhome style layout serves as a major differentiator, offering multilevel living, private entrances, and increased space, which supports stronger rental income compared to traditional apartment units and appeals to a growing tenant base seeking more privacy and a higher quality living experience. Read Less
Courtesy of Marcus & Millichap, Jimmy Castellanos 408-483-5040
Listing Snapshot
Days Online
14
Last Updated
Property Type
Five Or More Units
Square Ft.
16,196
Lot Size
0.7 Acres
Year Built
1965
MLS Number
ML82011327
30 Days Snapshot Of 95051
$1.88M
+24%
(avg) sold price
34
-22%
homes sold
20
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 30452.00, Max Area Units: Square Feet, Lot is 0.69908172635445 acres
Accessibility Features
None
Unit One
Rent: $2,550, 2 bedrooms
Unit Two
Rent: $3,245, bedrooms: 3
Unit Three
Rent: $1,400
Building
16,196 structure square feet, Age: 60, Built in 1965, 3 buildings, Construction type: Wood Frame, 15 minimum units in complex
Cooling
Window / Wall Unit
Foundation
Concrete Perimeter
Garage
14 garage spaces, Common Parking Area, Detached Garage, Uncovered Parking
Water Features
Public
Heating
Wall Furnace
Tenant Pays
Utilities - Electric, Utilities - Gas
Miscellaneous
Total expenses: 170109
Parking
6 parking spaces
Property
Zoning: R1E3
Roof
Composition
Security Features
None
Taxes
Annual tax amount: $69,426
Sewer
Sewer - Public
Utilities
Master Water, Separate Electric, Separate Gas, Individual Electric Meters, Individual Gas Meters
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