Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1963
Sq.Footage
N/A
First time on the market in 50 years. Casa De Lobos Luxury Townhouses is a portfolio of three separate fourplexes located at 1355, 1359, and 1363 South Wolfe Road. Each fourplex has one large 3-Bed/2-Bath townhouse style owner's unit with vaulted ceiling, fireplace, and patio, two 2-Bed/1.5-Bath townhouse units with large private backyards, and one studio unit. Built in 1963, the fourplexes are 3,595 SqFt each and are situated on three contiguous parcels less than one mile from Apple's spaceship campus. They feed into Louis E. Stocklmeir Elementary (974 API), Cupertino Middle (934 API), and Fremont High (767 API). The current CAP rate is 3.18% and there is significant income upside (proforma CAP 5.36%). The shortage of housing units, rent growth, and proximity to large tech employers make this a great opportunity for both the cash flow and appreciation minded investor. Note: Also available separately as one fourplex at 1355 (right) and two fourplexes at 1359 & 1363 (center & left).
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Electric, Fireplace(s)
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Features
Level
-
Lot Size(acres)
0.4876
-
Property Type
Commercial Sale
Price
-
Sales Price
$5,550,000
-
Tax Amount
66358.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Other
-
Middle School
Cupertino
-
High School
Fremont
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Location
County
Santa Clara
Elementary School
Other
Middle School
Cupertino
High School
Fremont
Listing Courtesy of Ismael Benhamida , Marcus & Millichap
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