5653 Via Monte Dr - Apartments FOR SALE


San Jose, CA 95118- Cambrian
$1,650,000 USD
408-438-0969
5653 Via Monte Dr, San Jose, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/15
null | 4.07% Cap Rate

5653 Via Monte Dr
San Jose, CA 95118
Cambrian


HIGHLIGHTS

  • Excellent Investment in Prime San Jose Location with (4) spacious 2BD/1BA
  • Strong Value Proposition – Stable Income in Resilient Submarket
  • Passed SB-721 Deck and Walkway Inspection
  • Core Silicon Valley with Easy access to Almaden Expressway, Highway 85, and Almaden Plaza
  • Private Balconies or Yards

OVERVIEW

Magnify is pleased to present 5653 Via Monte Drive, a 4plex located in a desirable San Jose neighborhood, now offered at a newly adjusted price of $1.65M. The property presents a compelling value opportunity for investors to acquire a well-located asset with strong fundamentals and long-term upside. The property features an attractive unit mix of spacious 2-Bed/1-Bath units, each with a private balcony or yard, supporting consistent rental demand. The building also passed the SB-721 inspection for decks and walkways. The property includes four covered carports, while private outdoor spaces for each unit enhance tenant appeal. The building has seen various improvements over time, and the functional layout offers potential for further upgrades and rental growth. Strategically located with convenient access to Almaden Expressway and Highway 85, the property is just blocks from Whole Foods and Almaden Plaza, offering a wide range of retail, dining, and everyday conveniences. Proximity to major Silicon Valley employers further supports long-term rental demand. With its updated pricing and core location, 5653 Via Monte Drive represents an excellent opportunity for investors seeking a balance of current income and future upside in one of San Joses most established rental markets.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$490 USD /SF

# OF UNITS

4

PRICE/UNIT

$412,500

CAP RATE

4.07%

% 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

1963

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,614 SF

ZONING

R3H, San Jose

APN/PARCEL ID

567-52-034

ASK ABOUT THIS PROPERTY

Eric KatzMagnify EquityMore Info
408-438-0969

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

Eric KatzMagnify EquityMore Info
408-438-0969

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