906 Burbank Drive, Santa Clara, CA 95051
- $9,350,000
- List Price
- $9,350,000
- Status
- ACTIVE
- MLS#
- ML82066884
- Year Built
- 1961
- Lot Size
- 23,958
- Acres
- 0.55
- Days on Market
- 1
- Property Type
- Commercial
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
Additional Information
- Taxes
- $93,630
- Cooling
- Yes
- Roof
- Shingle
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $649,722
Listing courtesy of Listing Agent: Jake Anthony (jake@mjaequity.com) from Listing Office: MJA Equity Investments, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.