68-70 S 8th St - Apartments FOR SALE


San Jose, CA 95112- Sun
$4,250,000 USD
925-330-3642
68-70 S 8th St, San Jose, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/7
null | 4.74% Cap Rate

68-70 S 8th St
San Jose, CA 95112
Sun


HIGHLIGHTS

  • Ideal Unit Mix
  • Value-Add (25% mark to market)
  • Proximity to San Jose State

OVERVIEW

CBRE, as exclusive listing agent, is pleased to present for sale 68-70 S 8th Ave (the Property) in San Jose. This pride of ownership asset was built in 1962 (70 S 8th) and 1964 (68 S 8th) and boasts 11 (2) Bedroom, (1.5) Bathroom Townhome Units, (1) Two Bedroom, (1.5) Bathroom Townhome, and (1) Studio. The Property’s premiere location generates premium rents and strong demand from renters backed by proximity to San Jose State and local tech workers in the DT San Jose market. This Property offers investors the rare opportunity to an exceptionally well-maintained apartment building with substantial rental upside. Please contact the CBRE Listing Team for additional information or to schedule a property tour.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

13

PRICE/UNIT

$326,923

CAP RATE

4.74%

% 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

1962

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

*RM

APN/PARCEL ID

467-24-095,467-24-096

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
925-330-3642

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Ben MollahanCBREMore Info
925-330-3642

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