HIGHLIGHTS
- 42-unit multifamily asset consisting of of 41 2×1 units and 1 Studio offering an efficient and stable in demand unit.
- Proximity to Cal Train Transit and Jobs – Excellent Access / Minutes from Silicon Valley major employers
- Upside Potential on Rent Increases through Turnover and Upgrades. Low Vacancy only 1.
- Attractive long-term appreciation outlook backed by San Jose’s strong household incomes and continued demand for rental housing.
FOR SALE DETAILS
PRICE
$14,668,000 USD
PRICE/SF
$541 USD /SF
# OF UNITS
42
PRICE/UNIT
$349,238
CAP RATE
6.8%
% LEASED
99%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1960
PARKING SPACES
42
LAND DETAILS
LAND ACRES
1.01 AC
LAND SF
43,996 SF
ZONING
R3
APN/PARCEL ID
488-01-004,488-01-005,488-01-006,488-01-007
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408-375-2713
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408-375-2713
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