4930 National Ave - Apartments FOR SALE


Los Gatos, CA 95032
$13,950,000 USD
626-483-5136
4930 National Ave, Los Gatos, CA for Sale
$13,950,000 USD
Apartments - FOR SALE
1/24
null | 4.49% Cap Rate

4930 National Ave
Los Gatos, CA 95032


HIGHLIGHTS

  • 30-unit, three-building community on one parcel — a uniform, all-townhome 2 Bed/1.5 Bath floor plan across every unit.
  • Pool — a recreational amenity that’s uncommon for a mid-size Santa Clara County apartment community, supporting tenant retention and rent premiums
  • Upgraded electrical infrastructure — Siemens main panels and Square D sub-panels, with individual electric metering to all 30 units
  • On-site laundry income — 4 washers/4 dryers generating roughly $14,400/year ($480/unit) in ancillary income on top of scheduled rent.
  • Healthcare-anchored location — near Stanford Healthcare, Good Samaritan Hospital and Sutter Carecenter, and quick access to Downtown San Jose.
  • Quiet and desirable area — Tucked inside a tranquil and serene area bordering Los Gatos.

OVERVIEW

The R&Z Group is pleased to present 4930 National Ave, a 30-unit community in the Carlton neighborhood of San Jose. Built in 1964, the property is arranged as three residential buildings wrapped around a central pool courtyard — a straightforward, single-unit-type asset that’s easy to operate and easy to lease. Every unit shares the same two-story, 2-bedroom/1.5-bath townhome layout, and that layout does real work for leasing: each unit comes with its own private patio and generous closet storage, two things that are hard to find in stacked-flat apartment product and that tend to draw a longer-staying, more settled tenant. Parking follows the same logic — every unit is paired with its own assigned carport space, so residents aren’t competing for parking on National Ave. Several of the units have already been renovated with updated kitchens and bathrooms — quartz counters, dark cabinetry, stainless appliances — giving a new owner a head start on the unit-by-unit upgrade program that’s typical of a property this age, rather than a full gut-and-renovate lift across all 30 units. The setting reinforces that livability. National Ave is a quiet, tree-lined residential street surrounded by single-family homes, giving the property a calm, low-traffic feel that’s more suburban than urban-infill — a meaningfully different tenant experience than the busier corridors nearby, while still keeping residents a short drive from Downtown San Jose. Between the private outdoor space, in-unit storage, assigned parking, and a genuinely quiet block, 4930 National Ave is built to hold tenants rather than chase them.

FOR SALE DETAILS

PRICE

$13,950,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

30

PRICE/UNIT

$465,000

CAP RATE

4.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

RM

APN/PARCEL ID

421-13-035

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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626-483-5136

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