41
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$10,980,000
Est. payment /mo
1.54 Acres Lot
New
5500 Camden AVE San Jose, CA 95124
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UPDATED:
01/14/2025 04:59 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81990254
HOA Y/N No
Year Built 1974
Annual Tax Amount $137,525
Lot Size 1.540 Acres
Property Description
Compass Commercial and Marcus & Millichap are pleased to exclusively market for sale Holly Oaks Apartments, a 45-unit apartment community located at 5500 Camden Ave in San Jose, CA. This beautiful garden-style community is being presented to the market for the first time in more than 30-yrs. Built in 1974, The Holly Oaks are comprised of (5) two-story residential buildings and (1) single-story amenity building on a 1.54-acre lot. The community has 44 one-bedroom/one-bath units that measure 625 square feet and one two-bedroom/two-bath managers unit at 1,100 square feet. Project amenities include a leasing office, swimming pool, laundry facilities, and manicured grounds. There are 45 carports and 20 open parking spaces; a parking ratio of 1.44 spaces/unit. OWNERSHIP IS CURRENTLY REPLACING ALL OF THE ROOFS AT THE PROPERTY, eliminating a significant capital expenditure for the buyer. The property is easily accessible from Hwy 85 and is a short commute to major employment centers in San Jose, Los Gatos, and Campbell. Holly Oaks is also near major shopping centers & entertainment districts. Costco, Whole Foods, Target, Walmart and Safeway are located just minutes away. Westfield Oakridge Mall is three miles east of the property and downtown Los Gatos is less than five miles west.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3H
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 45
Roof Type Composition,Shingle
Total Parking Spaces 20
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Dartmouth
High Schools Branham
School District Other
Others
Tax ID 56730014
Special Listing Condition Standard
Listed by Nate Gustavson • Compass