231 E San Fernando St - Apartments FOR SALE


San Jose, CA 95112- Sun
$4,800,000 USD
510-541-2398
231 E San Fernando St, San Jose, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/17
null | 5.59% Cap Rate

231 E San Fernando St
San Jose, CA 95112
Sun


HIGHLIGHTS

  • Prime Location – Across Street from San Jose State University
  • Turnkey – Fully Permitted Remodel Completed
  • Strong Cash Flow
  • High Demand Unit Mix
  • Long-Term Growth Potential

OVERVIEW

231 E. San Fernando Street is a fully stabilized, turnkey multifamily asset in the heart of Downtown San Jose. The property has completed a fully permitted remodel, significantly increasing bedroom count and rental income. All major value-add work has been completed, allowing a new owner to immediately benefit from strong in-place cash flow. Located directly across from San Jose State University(SJSU), the property enjoys consistent rental demand, minimal vacancy, and easy leasing. Supported by a strong student tenant base and proximity to Silicon Valley employers, this asset offers both immediate yield and long-term growth potential.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$678 USD /SF

# OF UNITS

12

PRICE/UNIT

$400,000

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairmont Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,599 SF

ZONING

DC

APN/PARCEL ID

467-24-008

ASK ABOUT THIS PROPERTY

Huan FangSuen, PeterMore Info
510-541-2398

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Huan FangSuen, PeterMore Info
510-541-2398

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