439-441 S 5th St - Apartments FOR SALE


San Jose, CA 95112- Sun
$4,150,000 USD
408-888-9594
439-441 S 5th St, San Jose, CA for Sale
$4,150,000 USD
Apartments - FOR SALE
1/22
null | 5.4% Cap Rate

439-441 S 5th St
San Jose, CA 95112
Sun


HIGHLIGHTS

  • Unmatched Location ±300 feet from San José State University
  • 100% 2-Bedroom Units offering highly functional and desirable unit mix
  • Individually metered for water, gas, and electric
  • On site parking space, with no tuck under

OVERVIEW

Veridian on 5th is a 12 unit apartment community located across the street from San Jose State University, offering a premier downtown San Jose setting with immediate access to a strong and consistent tenant base. The property features an all two bedroom unit mix and benefits from individually metered water, gas, and electric, reducing operating expenses and providing additional upside. The units offer functional layouts that appeal to roommates, students, and young professionals, supporting consistent rental demand. There is meaningful remaining income upside, offering a clear opportunity to increase rents and enhance returns. Located directly across from San Jose State University, residents enjoy true walkable access to campus, along with proximity to Downtown San Jose and San Pedro Square within approximately 0.5 miles. The property is also close to Diridon Station, providing access to Caltrain, ACE, and future BART service. Supported by SJSU and Silicon Valley employment, the property benefits from strong long term rental fundamentals. A full marketing package is available upon request.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$606 USD /SF

# OF UNITS

12

PRICE/UNIT

$345,833

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Veridian on 5th

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,522 SF

ZONING

R4

APN/PARCEL ID

467-47-071

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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