3531 Alden Way - Apartments FOR SALE


San Jose, CA 95117- Cypress-Jurdo
$3,400,000 USD
408-888-9594
3531 Alden Way, San Jose, CA for Sale
$3,400,000 USD
Apartments - FOR SALE
1/17
null | 5.52% Cap Rate

3531 Alden Way
San Jose, CA 95117
Cypress-Jurdo


HIGHLIGHTS

  • Prime West San Jose location near Santana Row, Valley Fair, Apple, NVIDIA, and the expanding OpenAI campus
  • Desirable unit mix of spacious two bedroom and one bedroom units
  • Available individually or together with the neighboring 8 unit (3537) for a combined 17 unit acquisition

OVERVIEW

The Zurich Group of Marcus & Millichap is pleased to exclusively present 3531 Alden Way, a nine unit apartment community located in the heart of West San Jose. The property features a desirable unit mix of spacious two bedroom, two bathroom apartments and offers investors strong in place income with additional upside potential through continued rental growth. Ideally situated just minutes from Santana Row, Valley Fair, Apple, NVIDIA, and the expanding OpenAI campus, the location provides exceptional access to Silicon Valley's largest employment centers and premier shopping and dining. 3531 Alden Way presents an outstanding opportunity to acquire a well located multifamily investment in one of the region's most desirable rental markets. The neighboring property at 3537 Alden Way (8 units) is also available, providing the flexibility to purchase either property individually or both together as a 17 unit portfolio. Offering Memorandum and Deal Room access are available upon request. For additional information, contact The Zurich Group at zurichgroup@marcusmillichap.com.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

9

PRICE/UNIT

$377,778

CAP RATE

5.52%

% 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

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

RM

APN/PARCEL ID

303-29-010

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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