407 Raymond Ave - Multi-Family FOR SALE


San Jose, CA 95128- Burbank
$1,365,000 USD
408-665-9391
407 Raymond Ave, San Jose, CA for Sale
$1,365,000 USD
Multi-Family - FOR SALE
1/14
null | 4.04% Cap Rate

407 Raymond Ave
San Jose, CA 95128
Burbank


HIGHLIGHTS

  • Ideal owner/user or investment opportunity for a traditional multifamily duplex ready for immediate occupancy and listed below replacement cost.
  • Desirable location with quick connections to Highway 280 and 880, commuting throughout the Bay Area and Silicon Valley.
  • Rare unit features include covered carports, secluded patios, laundry closets, storage space, and private entrances.
  • Perfect for student housing and medical professionals, this is 4 minutes away from Santa Clara Valley Medical and San Jose City College.
  • New renovations include flooring, paint, blinds, lighting, built-in microwaves, a toilet, and a sliding door (Unit B), and landscaping.
  • Close to a myriad of amenities, including Best Buy, Crate & Barrel, Bloomingdale's, Target, Anthropologie, and Trader Joe's.

OVERVIEW

407 Raymond Avenue is a two-unit residential property featuring mirrored units offering immediate occupancy with renovations including new flooring, paint, blinds, lighting, built-in microwaves, toilet, and sliding door (Unit B), and landscaping. The property boasts unique features such as private laundry closets in each unit, private entrances, private and secluded patios, a two-car covered carport, and an abundance of parking. Each unit is approximately 1,040 square feet in size. The first floor boasts an inviting layout, complete with a well-designed kitchen, a spacious living room, and a charming patio. Upstairs, the second floor offers two comfortable bedrooms and a full bathroom. The outdoor area is adorned with mature fruit trees, including avocado, orange, and fig, providing tenants with access to fresh produce. Prime location, just 2 minutes from Highway 280 and 4 minutes from Highway 880, this property offers unparalleled convenience. The Westfield Valley Fair Mall, anchored by Nordstrom and Macy's, is a mere 5-minute drive away and features dining options like Cheesecake Factory, Shake Shack, Eataly, and California Pizza Kitchen. Adjacent to the mall is Santana Row, an upscale destination featuring a diverse range of shops, bars, and restaurants. San Jose City College is within a 15-minute walk, making this location ideal for students and faculty. Additionally, O'Connor Hospital and Santa Clara Valley Medical Center are only a mile away, providing easy access for medical professionals and healthcare services. 407 Raymond Avenue’s exceptional combination of property features and strategic location for a standout investment or owner/user opportunity in the heart of San Jose. Cap rate is based on a projection. Contact Christian Renz at Renz & Renz for more information today!

FOR SALE DETAILS

PRICE

$1,365,000 USD

PRICE/SF

$656 USD /SF

# OF UNITS

2

PRICE/UNIT

$682,500

CAP RATE

4.04%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,000 SF

ZONING

-

APN/PARCEL ID

277-08-045

ASK ABOUT THIS PROPERTY

Christian RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-665-9391

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Christian RenzRenz & Renz Investment & Commercial BrokerageMore Info
408-665-9391

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