423-445 N 26th St - Apartments FOR SALE


San Jose, CA 95116- Wooster-26th
$8,100,000 USD
650-334-0446
423-445 N 26th St, San Jose, CA for Sale
$8,100,000 USD
Apartments - FOR SALE
1/10
null | 5.75% Cap Rate

423-445 N 26th St
San Jose, CA 95116
Wooster-26th


HIGHLIGHTS

  • Excellent unit mix of 12 one-bedroom and 15 two-bedroom units featuring private patios/balconies and individual water heaters for tenant comfort.
  • Expansive 1.13-acre lot with lush, well-maintained landscaping, enhancing curb appeal and resident satisfaction in a high-occupancy property.
  • Solid performance and upside opportunity through attractive cap rates, with a 5.5% return on current income and potential for 6.45% at market rents.
  • Assumable 2.84% financing available, offering investors immediate savings and strong cash-flow potential in today’s rising rate environment.

OVERVIEW

Marcus & Millichap is pleased to present Julian West Apartments at 423 and 445 N 26th, a 27-unit community nestled in a quiet cul-de-sac in San Jose. The property sits on two separate parcels totaling 1.13 acres and has 20,620 square feet of rentable space. The unit mix includes 12 one-bedroom, one-bath units and 15 two-bedroom, one-bath units. Residents enjoy a variety of convenient amenities, including private covered parking, beautifully maintained landscaping, and multiple on-site laundry facilities, all of which contribute to a comfortable and appealing living environment. Located in the heart of Silicon Valley, Julian West Apartments benefits from its prime location near major employers, transportation corridors, and a diverse array of shopping, dining, and entertainment options. San Jose, the largest city in the Bay Area and Northern California, serves as a global hub for innovation and technology. Home to leading companies such as Apple, Google, Facebook, Intel, and Cisco Systems, the city is highly desirable for professionals and families. In addition to its economic appeal, San Jose offers a vibrant cultural and recreational scene. Residents have access to renowned attractions such as Guadalupe River Park, the SAP Center, the San Jose Museum of Art, and the Cathedral Basilica of St. Joseph. Prestigious educational institutions, including Stanford University, Santa Clara University, and San Jose State University, are all within a 30-minute drive, making this the perfect spot for off-campus housing or students' families. With its prime location, outstanding unit mix, and proximity to world-class employers, Julian West Apartments represents a standout investment opportunity in Silicon Valley. The property's strong tenant appeal and robust rental potential make it a valuable addition to any portfolio.

FOR SALE DETAILS

PRICE

$8,100,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

27

PRICE/UNIT

$300,000

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Julian West Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

R3

APN/PARCEL ID

249-66-016,249-66-017

ASK ABOUT THIS PROPERTY

Michael HenshawMarcus & MillichapMore Info
650-334-0446

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Michael HenshawMarcus & MillichapMore Info
650-334-0446

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