Marcus & Millichap is pleased to present the investment opportunity located at 1073 N 5th Street in San Jose, California. The long-term renter appeal of this asset is anchored by its proximity to major employers, key transportation corridors, and numerous lifestyle amenities. Built in 1954, this attractive four-unit apartment complex is situated on a 0.13-acre parcel and features a gross building area of approximately 1,680 square feet.
The property benefits from a world-class location near Downtown San Jose, in the renowned Silicon Valley. Residents enjoy direct access to many of the nation’s top tech employers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. Likewise, the multifamily building sits near Santa Clara University, ranked 56th among undergraduate nationwide, and San Jose State University, ranked third among public universities nationwide.
Additionally, the property is just a few blocks from multiple travel corridors, including Highways 87, 880, and 101. Overall, the property presents an attractive choice for multifamily investors thanks to its premier location combined with San Jose’s strong employment fundamentals and low vacancy levels.