697 Hamline St - Apartments FOR SALE


San Jose, CA 95110- Outer North San Jose | 
$725,000 USD
510-304-8077
697 Hamline St, San Jose, CA for Sale
$725,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

697 Hamline St
San Jose, CA 95110
Outer North San Jose


HIGHLIGHTS

  • Well-Situated San Jose Triplex Investment Opportunity - Well-situated triplex in a desirable South Bay location.
  • Walking Distance to Nearby Retail - Walking distance to Paypal Park, Coleman Landings, In-N-Out Burger, Costco, and a new BART station.
  • Comfortable Climate Controlled Units - Units feature split heating and air conditioning.
  • Prime San Jose Location - Near Downtown San Jose and San Jose Market Center with convenient access to dining, shopping, and entertainment.
  • Quick Access Around the Bay Area – Convenient access to I-880 and major transportation routes throughout the Bay Area.

OVERVIEW

697 Hamline St is a well-situated triplex asset located in the thriving city of San Jose, California. Situated on a 3,864 square foot parcel of land, the subject property was originally constructed in 1959 and features a gross building area of approximately 1,500 square feet, offering its tenants 100% beautifully designed one-bedroom floor plans. Additionally, all three units feature split heating and air conditioning. The subject property is within walking distance to various lifestyle amenities such as Paypal Park (0.3mi), Coleman Landings Shopping Mall (0.2mi), In-N-Out Burger (0.2mi), Costco (1.3mi) and a new BART station currently in construction. 697 Hamline St sits near Downtown San Jose and is within close proximity to the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises. The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 697 Hamline St presents an attractive choice to investors, due to its close proximity to shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

3

PRICE/UNIT

$241,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1899

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

HI

APN/PARCEL ID

230-23-001

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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