15 Hawthorne Way - Apartments FOR SALE


San Jose, CA 95110- Japantown
$9,500,000 USD
510-304-8077
15 Hawthorne Way, San Jose, CA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/21
null | 4.58% Cap Rate

15 Hawthorne Way
San Jose, CA 95110
Japantown


HIGHLIGHTS

  • Classic Spanish Colonial Revival Investment Opportunity
  • Major Potential Tax Benets
  • Located Near Multiple Highly Renowned Educational Institutions
  • Close Proximity to Downtown San Jose
  • Quick Access Around the Bay Area

OVERVIEW

Barcelona Apartments is a well-situated multifamily asset located at 15 Hawthorne Way in the thriving city of San Jose, California. Situated on a parcel totaling 14,985 square feet, the subject property was originally constructed in 1932 and features a gross building area of approximately 23,348 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. The property is also located within half an hour of many distinguished educational institutions, including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime San Jose location with convenient access to Downtown San Jose (0.6 miles) and Santana Row (5 miles), home to a myriad of high-end shopping, dining, and entertainment options. As part of Silicon Valley, this location provides renters with close proximity to many of the nation’s top tech employers, including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn, among others. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, Barcelona Apartments presents an attractive choice for South Bay renters due to its proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

25

PRICE/UNIT

$380,000

CAP RATE

4.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Barcelona Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1932

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,985 SF

ZONING

C, San Jose

APN/PARCEL ID

259-19-062

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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