1073 N 5th St - Apartments FOR SALE


San Jose, CA 95112- Hyde Park
$1,300,000 USD
424-369-7948
1073 N 5th St, San Jose, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/2
null | 5.22% Cap Rate

1073 N 5th St
San Jose, CA 95112
Hyde Park


HIGHLIGHTS

  • Prime Silicon Valley Location Near Downtown San Jose and Major Tech Employers
  • Strong Rental Demand Driven by Proximity to Top Universities and Employment Hubs
  • Convenient Access to Major Highways Including 87, 880, and 101
  • Attractive Four-Unit Asset with Stable Fundamentals in a Low Vacancy Market

OVERVIEW

Marcus & Millichap is pleased to present the investment opportunity located at 1073 N 5th Street in San Jose, California. Long-term renter appeal for this asset is anchored by proximity to major employers, key transportation corridors, and numerous lifestyle amenities. The attractive, four-unit apartment complex is situated on a parcel of land totaling 0.13 acres and features a gross building area of approximately 1,680 square feet. Built in 1954, the property benefits from a world-class location near Downtown San Jose in the renown Silicon Valley region. 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

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$405 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

5.22%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,943 SF

ZONING

R3, San Jose

APN/PARCEL ID

235-09-008

ASK ABOUT THIS PROPERTY

Tony SolomonMarcus & MillichapMore Info
424-369-7948

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

Tony SolomonMarcus & MillichapMore Info
424-369-7948

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