5390 Carryback Ave - Apartments FOR SALE


San Jose, CA 95111- Edenvale
$4,600,000 USD
408-483-5040
5390 Carryback Ave, San Jose, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/17
null | 5.42% Cap Rate

5390 Carryback Ave
San Jose, CA 95111
Edenvale


HIGHLIGHTS

  • 1980’s Construction – Not Subject to San Jose City Rent Control (Only State Rent Control)
  • Strong Unit Mix includes large 3BD, 2BD, & Town-Home-Style Units
  • 23% Upside Potential – Room for Rent Increases through Turnover and Upgrades
  • Covered Parking + Private Spaces – A rare amenity in this Submarket
  • Proximity to Transit and Jobs – Minutes from Caltrain and major employers
  • Strong South San Jose Rental Market with Low Vacancy and Excellent Access to Major Silicon Valley Commuter Routes

OVERVIEW

DD info: jcastellanos@marcusmillichap.com 1980's Construction, No City Rent Control // All Two-Bedroom & Three Bedroom Floor Plans // Strong In-Place Cap Rate 5.45% // 11.50 GRM! Jimmy Castellanos is pleased to present 5390 Carryback Avenue, a 14-unit multifamily community located in South San Jose, a gateway to Silicon Valleys innovation and employment base. Constructed in 1980, the property comprises approximately 12,292 square feet of rentable space situated on a 27,500 square foot parcel and is improved with three detached buildings, including two six-unit apartment buildings and one two-unit townhouse-style structure. The unit mix is highly desirable and includes two (2) three-bedroom, two-bath units with in-unit laundry, two (2) two-bedroom, one-bath townhouse-style units with in-unit laundry, and ten (10) two-bedroom, one-bath apartment units.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

14

PRICE/UNIT

$328,571

CAP RATE

5.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,499 SF

ZONING

R-M

APN/PARCEL ID

684-38-075

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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