Barcelona Apartments, San Jose CA 95110
Classic Spanish Colonial Revival Investment Opportunity in San Jose
Marketing description
Barcelona Apartments is a well-situated multifamily asset located at 15 Hawthorne Way in the thriving city of San Jose, California.
Situated on a parcel of land totaling 14,985 square feet, the subject property was originally constructed in 1932 and features a gross building area of approximately 23,348 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom and studio floor plans.
The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime San Jose location featuring convenient access to Downtown San Jose (0.6 miles) and Santana Row (5 miles) home to a myriad of high-end shopping, dining and entertainment options.
As part of Silicon Valley, this location offers renters close proximity to many of the nation's top tech employers including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others.
The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, Barcelona Apartments presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Investment highlights
- Classic Spanish Colonial Revival Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset featuring iconic storybook-style balconies and prominent arched windows and entryways in the heart of San Jose, California.
- Major Potential Tax Benefits - Owners may qualify for significant tax reductions through the Mills Act, provided the property meets all requirements for historic designation.
- Located Near Multiple Highly Renowned Educational Institutions - The subject property is within half an hour of many educational institutions including Stanford University, Santa Clara University, San Jose State University.
- Close Proximity to Downtown San Jose - Residents benefit from close proximity to Downtown San Jose (0.6 miles) which includes a myriad of shopping, dining and entertainment options.
- Quick Access Around the Bay Area - Barcelona Apartments offers tenants and residents suitable access to I-280 and other major transportation institutions, major employers, and the various lifestyle amenities offered in the Bay Area.
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