15655 Venice Ln - Apartments FOR SALE


Morgan Hill, CA 95037
$20,000,000 USD
510-333-6198
15655 Venice Ln, Morgan Hill, CA for Sale
$20,000,000 USD
Apartments - FOR SALE
1/3
null | 3.62% Cap Rate

15655 Venice Ln
Morgan Hill, CA 95037


HIGHLIGHTS

  • Currently 39 individual condo units in one building.
  • Each condo unit has an individual APNs of 767-56-001 through 767-56-039

OVERVIEW

39 Individual condo in 1 building for sale in Morgan Hill, CA. Currently used as an investment property by the Seller. Individual condo can be sold separately after November 23, 2025 as restriction was put on the subject property when it was built in 2015. No BMR (Below Market rate) required by the City of Morgan Hill. Seller estimated market value of condo if individually sold at $30,000,000 +/- total. Each Unit is separate water and electric meter. Club House, Swimming Pool, Fitness Center and Children Play Structure in common area for the use by tenants / ownership.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

39

PRICE/UNIT

$512,821

CAP RATE

3.62%

% LEASED

84%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Diamond Creek Condo A

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2015

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,221 SF

ZONING

PUD

APN/PARCEL ID

767-54-037,767-56-001,767-56-002,767-56-003,767-56-004,767-56-005,767-56-006,767-56-007,767-56-008,767-56-009,767-56-010,767-56-011,767-56-012,767-56-013

ASK ABOUT THIS PROPERTY

Richard ChangABC Commercial RealtyMore Info
510-333-6198

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Richard ChangABC Commercial RealtyMore Info
510-333-6198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.