3538 Alden Way - Apartments FOR SALE


San Jose, CA 95117- Cypress-Jurdo
$2,500,000 USD
650-208-5282
3538 Alden Way, San Jose, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/10
null | 4.01% Cap Rate

3538 Alden Way
San Jose, CA 95117
Cypress-Jurdo


HIGHLIGHTS

  • Five-unit apartment building with large two-bedroom/ one-bathroom units
  • New windows, parking lot, landscaping, irrigation system, water heater, gutters, and heaters
  • Units are individually metered for electricity and natural gas; master meter for water
  • Less than one mile from Westfield Valley Fair and Santana Row
  • Easily accessible from Interstate 280 at Saratoga Avenue and Winchester Boulevard

OVERVIEW

Located in desirable West San Jose, 3538 Alden Way offers comfortable apartment living in a quiet, well-maintained community. The property consists of five spacious two-bedroom/one-bathroom units that average 1,045 square feet. The property provides on-site shared laundry facilities, carport and open parking, and storage closets for all units. Additionally, each unit features a large, enclosed patio or balcony. The property has undergone extensive recent capital improvements over the last several years. The seller has installed dual-pane vinyl windows, fully repaved the parking lot, replaced the landscaping and irrigation system, updated the laundry room and installed a new water heater, replaced the gutters, and put new heaters in three of the units. These improvements provide tremendous value for the buyer as they eliminate the need for near-term capital improvements.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$478 USD /SF

# OF UNITS

5

PRICE/UNIT

$500,000

CAP RATE

4.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Alden Way Apartments

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

0.19 AC

LAND SF

8,398 SF

ZONING

RM

APN/PARCEL ID

303-29-015

ASK ABOUT THIS PROPERTY

Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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