3830 Underwood Dr - Apartments FOR SALE


San Jose, CA 95117- Blackford
$1,788,000 USD
650-546-1030
3830 Underwood Dr, San Jose, CA for Sale
$1,788,000 USD
Apartments - FOR SALE
1/9
null | 3.81% Cap Rate

3830 Underwood Dr
San Jose, CA 95117
Blackford


HIGHLIGHTS

  • Exceptional San Jose Investment Opportunity - Prime fourplex investment in desireable South Bay Area location
  • Extensive Capital Improvements - Significant capital improvements such as a new water heater, copper plumbing, and granite countertops
  • Desirable Unit Mix – 3830 Underwood Dr offers renters beautifully designed three-bedroom and two-bedroom floorplans
  • Strong Renter's Market - Nearby Westfield Valley Fair Mall, Santana Row, SJSU and Downtown creating strong demand and high rental rates
  • Proximity to Essential Amenities - Lifestyle conveniences such as grocery, healthcare, & educational institutions, plus parks and cultural attractions

OVERVIEW

3830 Underwood Dr is an exceptional 4-unit apartment community located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 7,102 square feet, the subject property was originally constructed in 1963 and features a gross building area of approximately 3,896 square feet, offering tenants and beautifully designed three-bedroom and two-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private garage parking and an on-site laundry facility. The subject property has undergone significant capital improvements such as a new water heater and copper plumbing throughout with all units featuring granite countertops. 3830 Underwood sits near Downtown San Jose and is within close proximity to Westfield Valley Fair Mall and Santana Row, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises. 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 the Silicon Valley, 3830 Underwood Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$1,788,000 USD

PRICE/SF

$340 USD /SF

# OF UNITS

4

PRICE/UNIT

$447,000

CAP RATE

3.81%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3, San Jose

APN/PARCEL ID

299-32-015

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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