742 S 9th St - Apartments FOR SALE


San Jose, CA 95112- Sun
$3,295,000 USD
650-546-1030
742 S 9th St, San Jose, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/15
null | 5% Cap Rate

742 S 9th St
San Jose, CA 95112
Sun


HIGHLIGHTS

  • Exceptional San Jose Investment Opportunity - Opportunity to acquire an exceptional investment in one of the most desirable locations in South Bay
  • Strong Renter's Market - Close proximity to San Jose State University and Downtown San Jose, creating a strong demand and high prices for rental rates
  • Desirable Unit Mix - The subject property consists of 100% large one-bedroom floor plans
  • Walking Distance to San Jose State University and Downtown San Jose - Home to a myriad of shopping, dining, and entertainment options
  • Regional Attractions Throughout San Jose - Many regional attractions including the SAP Center, San Jose Museum of Art, and San Jose Convention Center

OVERVIEW

742 S 9th St is an exceptional 10-unit apartment community located in the thriving city of San Jose, California. Situated on a 9,522 square foot parcel of land, the subject property was originally constructed in 1966 and has a gross building area of approximately 6,536 square feet, offering its tenants beautifully designed one-bedroom floor plans. 742 S 9th St sits near Downtown San Jose and is within walking distance 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, 742 S 9th St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$504 USD /SF

# OF UNITS

10

PRICE/UNIT

$329,500

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South 9th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RN

APN/PARCEL ID

472-23-074

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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