1150 Francisco Ave - Apartments FOR SALE


San Jose, CA 95126- Barbera-Stokes
$1,745,000 USD
408-438-0969
1150 Francisco Ave, San Jose, CA for Sale
$1,745,000 USD
Apartments - FOR SALE
1/29
null | 3.89% Cap Rate

1150 Francisco Ave
San Jose, CA 95126
Barbera-Stokes


HIGHLIGHTS

  • Great investment opportunity in San Jose with strong upside in rent roll
  • Pride-of-ownership asset with owner occupancy potential in Willow Glen
  • Desirable unit mix: spacious 3BD/2BA owner's unit, 2 2BD/1BA, and 1 1BD/1BA unit
  • Features stainless steel appliances, granite countertops, vinyl floors, and more
  • Less than 10 minutes from the proposed Google campus, San Jose State University, Santana Row, and San Jose State City College
  • Easy access to Highways 280, 880, and 101

OVERVIEW

We are pleased to present 1150 Francisco Avenue, located in the Willow Glen neighborhood of San Jose. The property is just a short walk from the Los Gatos Creek Trailhead. The 4,063-square-foot fourplex features a spacious 3-bedroom/2-bathroom unit, two 2-bedroom/1-bathroom units, and one 1-bedroom/1-bathroom unit. The owner has carefully maintained the property for the past 15 years, adding vinyl floors, stainless steel appliances, and granite countertops to the units. In 2021, a brand new 30-year roof was installed, and the balcony was improved in 2013. This is a perfect opportunity for an investor to purchase a turn-key fourplex for cash flow or for someone to occupy the 1,500-square-foot 3-bedroom, 2-bath unit while renting out the other units. All units are on month-to-month leases.

FOR SALE DETAILS

PRICE

$1,745,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

4

PRICE/UNIT

$436,250

CAP RATE

3.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R4H, San Jose

APN/PARCEL ID

284-27-040

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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