Engel & VölkersEngel & Völkers
Modern white multi-story villa at sunset with a pool, outdoor dining area, fire pit, and desert mountain backdrop.

Tule Boutique Development

$2,950,000
  • ~646 m² Total surface
  • ~612 m² Living area

Description

Rare investor opportunity in the San Jose Corridor. 2 luxury residences fully completed and move-in ready. 8 additional units with land secured and full blueprints in place -- ready to build to buyer's vision. At $2,950,000 for all 10 units, entry is $295K/key. Three exit strategies: complete & sell ($8.5M+ projected revenue, 183% net ROI), operate as STR portfolio (15.6% annual net ROI), or live in the completed units and build the remaining 8 via presales. ICF construction, private pool per unit, rooftop terraces with ocean views, 24kW generator, LG VRF A/C. Seller motivated, open to advising buyer. Seller financing available. Price negotiable. Full blueprints and due diligence package available after NDA.
Features
Air-conditioning
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Engel & Völkers

Your advisor: Lydia Tecles

Property ID: AM-5502748

Property details
  • Property type

    Other

  • Total surface

    ~646 m²

  • Living area

    ~612 m²

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