1342 Essex Way - Apartments FOR SALE


San Jose, CA 95117- Loma Verde
$1,950,000 USD
408-438-0585
1342 Essex Way, San Jose, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/27
null | 4.44% Cap Rate

1342 Essex Way
San Jose, CA 95117
Loma Verde


HIGHLIGHTS

  • Premier West San Jose Location bordering Campbell with convenient access to Santana Row, Valley Fair, and Downtown Campbell
  • Outstanding Unit Mix: (1) 3BD/2BA, (1) 2BD/2BA, and (2) 2BD/1BA
  • Ample On-Site Parking: 6 Garages plus 6 Tandem Spaces
  • Multiple Remodeled Units with Strong In-Place Rents and Upside

OVERVIEW

Magnify is pleased to present 1342 Essex Way, a large 4plex located in a premier West San Jose neighborhood bordering Campbell. Built in 1967, the property consists of 3,928 building square feet on a 6,120 square foot parcel. The building features an attractive and diverse unit mix of (1) 3-Bed/2-Bath, (1) 2-Bed/2-Bath, and (2) 2-Bed/1-Bath units catering to a broad tenant base. The spacious 3BD/2BA has been nicely remodeled and offers excellent owner-occupant potential with a yard, dual-pane windows, and central heating. The property also benefits from 6 enclosed garages and 6 additional tandem spaces, providing ample parking for residents. Several units feature key interior upgrades, including vinyl plank flooring, tile, and updated kitchens/bathrooms. Positioned in one of Silicon Valley's strongest rental markets, this location offers convenient access to Downtown Campbell, Santana Row, Valley Fair, and major employers including Apple, NVIDIA, Netflix, Adobe, and more. With its desirable unit mix, strong rental appeal, and exceptional location near shopping, dining, transportation, and major job centers, 1342 Essex Way presents investors with a rare opportunity to acquire a quality asset with tangible upside in a highly sought-after West San Jose submarket.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

4

PRICE/UNIT

$487,500

CAP RATE

4.44%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,120 SF

ZONING

R3H

APN/PARCEL ID

305-07-014

ASK ABOUT THIS PROPERTY

David KatzMagnify EquityMore Info
408-438-0585

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

David KatzMagnify EquityMore Info
408-438-0585

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