Bella Castello

570 Keyes Street San Jose, CA 95112 88 Units
Bella Castello

Investment Highlights

  • Highly Desirable Unit Mix
  • In-Place Affordable Housing Deed Restrictions
  • Property Tax Exemption from LIHTC Program
  • First Time on the Market in 18 Years
  • Additional Section 8 Voucher Upside
  • Outstanding Visibility and Access

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire Bella Castello, an 88+1 retail, 4-story community located at 570 Keyes Street in San Jose, California. This mixed-use asset benefits from a varied mix of one-, two-, and three-bedroom floorplans, 83% of which average over 1,000 square feet. In addition to the spacious open floorplans, the property boasts many appealing amenities such as a playground, computer center, and a state of the art fitness facility. Unit interiors boast additional tenant draws such as central air conditioning, fully equipped kitchens, maple cabinetry, 9 foot ceilings, and even in-unit laundry appliances. As the area surround Bella Castello offers residents a plethora of local conveniences for shopping, dining, and employment. Bella Castello is considered “Very Walkable” with a Walk Score of 76 and a Bike Score of 88, these relatively high scores are helped by the property’s positioning between McLaughlin Avenue and Monterey Road, both of which offer an abundance of daily conveniences. These positive attributes are further complimented by the property’s current operating condition, Bella Castello is currently offered as fully occupied.

Property Location
570 Keyes Street
San Jose, CA 95112
Situated in the Santa Clara Valley region of Northern California, San Jose is the largest city in Santa Clara County and is known for its innovative technology industry. San Jose is positioned about 48 miles southeast of San Francisco and about 75 miles north of Monterey, making it well-positioned to take advantage of the employment, entertainment, and educational centers throughout the region. San Jose’s easy access to regional amenities is aided further by a robust matrix of highways and public transit, most notably Interstate 280. San Jose is located in the San Jose-Sunnyvale- Santa Clara Metropolitan Statistical Area (MSA), regularly recognized for its economic prosperity and high quality of life.

Listing Advisors

Otto Ozen

Executive Vice President

(909) 235-7886
Otto@Mogharebi.com

CA Lic. #01030086

Shawn Bolour

VP, Affordable Housing

(213) 462-1641
Shawn.Bolour@Mogharebi.com

CA Lic. #01862162

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