1451 N 1st St - Apartments FOR SALE


San Jose, CA 95112- Outer North San Jose
$1,575,000 USD
408-421-4703
1451 N 1st St, San Jose, CA for Sale
$1,575,000 USD
Apartments - FOR SALE
1/27
null | 5.4% Cap Rate

1451 N 1st St
San Jose, CA 95112
Outer North San Jose


HIGHLIGHTS

  • Prime San Jose Location – Well-positioned investment opportunity in one of the South Bay’s most desirable and dynamic markets.
  • SB 721 Compliant – All required structural improvements have been completed, achieving full SB 721 compliance as of 2026.
  • Renovated Interiors – Units feature upgraded finishes including dual-pane windows, updated electrical panels, and modern interior enhancements.
  • Attractive Unit Mix – Offers spacious studio, one-bedroom, and two-bedroom floor plans designed to appeal to a broad tenant base.
  • Excellent Connectivity – Convenient access to I-280 and major transportation corridors provides seamless travel throughout the Bay Area.

OVERVIEW

1451 N 1st St is a centrally located 5-unit multifamily investment opportunity in the thriving city of San Jose, California. Situated on a 5,522-square-foot parcel, the property was originally constructed in 1953 and comprises approximately 3,175 square feet of gross building area. The asset offers a desirable unit mix of two-bedroom, one-bedroom, and studio floor plans. Unit interiors have been upgraded with dual-pane windows, updated electrical panels, and individual water heaters, while select residences feature vinyl plank flooring, granite countertops, and stainless steel appliances. Residents also benefit from private covered carport parking and an on-site laundry facility. The property is strategically located near Downtown San Jose and the Target-anchored San Jose Market Center, providing convenient access to a wide variety of shopping, dining, and entertainment destinations. Additionally, the asset is minutes from San Jose Mineta International Airport (SJC), one of Northern California’s busiest airports, offering extensive domestic and international travel options. 1451 N 1st St also benefits from its proximity to major educational institutions, including San Jose State University and Santa Clara University. The surrounding area is home to many of the region’s largest employers, including Adobe, Cisco, Deloitte, PwC, and Santa Clara Valley Medical Center, among numerous other technology, healthcare, and professional services companies. The investment appeal of the property is supported by San Jose’s strong employment base, low vacancy rates, and position within the heart of Silicon Valley. With convenient access to major employers, transportation corridors, retail amenities, and entertainment destinations, 1451 N 1st St offers an attractive housing option for South Bay renters and a compelling long-term investment opportunity.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

5

PRICE/UNIT

$315,000

CAP RATE

5.4%

% 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

1954

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,354 SF

ZONING

N/Av, San Jose

APN/PARCEL ID

230-30-108

ASK ABOUT THIS PROPERTY

Andres LopezMarcus & MillichapMore Info
408-421-4703

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Andres LopezMarcus & MillichapMore Info
408-421-4703

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