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Fortune Peak Properties
906 Burbank DR, Santa Clara, CA 95051
- $9,350,000
- 14,677
- SqFt
Listing courtesy of Jake Anthony from MJA Equity Investments, Inc.. 650-787-6707
- List Price
- $9,350,000
- Status
- ACTIVE
- MLS#
- ML82066884
- Subtype
- com
- Year Built
- 1961
- Living Area
- 14,677
- Lot Size
- 23,958
- Acres
- 0.55
- Neighborhood
- Santa Clara
- Building Name
- Lawrence Arms Apartments
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
- HOA Includes
- Additional Storage, Community Pool
- Zoning
- R3
- Roof
- Shingle
- Foundation
- Concrete Slab
- Pool
- Yes
- Pool Type
- Pool - Heated, Pool - In Ground
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