5683 Hoffman Ct - Apartments FOR SALE


San Jose, CA 95118- Cambrian
$1,700,000 USD
408-438-0969
5683 Hoffman Ct, San Jose, CA for Sale
$1,700,000 USD
Apartments - FOR SALE
1/11
null | 4.78% Cap Rate

5683 Hoffman Ct
San Jose, CA 95118
Cambrian


HIGHLIGHTS

  • Turnkey Investment in one of Silicon Valley’s most desirable neighborhoods
  • Great unit mix: 4 spacious 2BD/1BA units
  • Strong in-place rents at $9500 per month and good tenant profiles
  • Upgraded kitchens in all 4 units, remodeled bathrooms in 2 out of 4 units, all newer flooring and paint plus upgraded laundry machines
  • Located within a few blocks of Almaden Plaza, offering a variety of retail, dining, and essential services
  • Easy access to Almaden Expressway and Highway 85

OVERVIEW

We are pleased to present 5683 Hoffman Court in San Jose. This property features four spacious units, each consisting of 2 bedrooms and 1 bathroom, totaling approximately 3,400 square feet on a 7,560 square foot lot. The consistent unit mix and strong in-place rents in a highly desirable location make this an attractive investment opportunity with excellent tenant profiles. The property has been meticulously maintained and opportunistically upgraded by the current owner, ensuring a well-cared-for asset. These proactive measures contribute to the property's appeal and minimize potential immediate capital expenditures for new ownership. Located in a prime San Jose neighborhood with easy access to Almaden Expressway and Highway 85, the property is also within a few blocks of Almaden Plaza, offering a variety of retail, dining, and essential services. Its strategic location surrounded by renowned tech employers like Google, Apple, and Cisco Systems further enhances its rental desirability and long-term value appreciation, making it an ideal investment for stable returns and future growth.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

4

PRICE/UNIT

$425,000

CAP RATE

4.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,560 SF

ZONING

RM

APN/PARCEL ID

567-49-034

ASK ABOUT THIS PROPERTY

Eric KatzMagnifyMore Info
408-438-0969

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Eric KatzMagnifyMore Info
408-438-0969

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