508 Willard Ave - Apartments FOR SALE


San Jose, CA 95126- Buena Vista
$4,100,000 USD
408-483-5040
508 Willard Ave, San Jose, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/23
null | 4.57% Cap Rate

508 Willard Ave
San Jose, CA 95126
Buena Vista


HIGHLIGHTS

  • Offered at just $205,000 per unit, the most attractively priced multifamily asset currently available in the San Jose market.
  • Strong In-place cap rate of 4.57% with all operating expenses factored in, including payroll and management.
  • Rents are approximately 35% below market with scheduled 5% increases across all units in September 2025.
  • Includes sixteen one-bedroom and four two-bedroom units across 11,728 rentable square feet.
  • Situated in the Buena Vista neighborhood near major highways and top destinations like Santana Row, Downtown San Jose, and Westfield Valley Fair.

OVERVIEW

Email jcastellanos@marcusmillichap.com for OM and DD Link. RARE PRICE POINT! Jimmy Castellanos is pleased to present 508-514 South Willard Avenue, a rare 20-unit multifamily opportunity located in the heart of San Jose, CA. Offered at just $205,000 per unit, this property is by far the most attractively priced apartment community currently on the market in San Jose. Spanning two adjacent 10-unit parcels, the asset includes a mix of sixteen one-bedroom units and four two-bedroom units across 11,728 square feet of rentable space on a 0.46-acre lot. The offering represents a unique chance to acquire scale in one of Silicon Valley's most resilient rental markets at a significant discount to replacement cost.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

20

PRICE/UNIT

$205,000

CAP RATE

4.57%

% 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

1957

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R3

APN/PARCEL ID

277-19-040,277-19-041

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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