780 Deland Ave - Apartments FOR SALE


San Jose, CA 95128- Rose Glen
$2,200,000 USD
415-941-9875
780 Deland Ave, San Jose, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/48
null | 5.45% Cap Rate

780 Deland Ave
San Jose, CA 95128
Rose Glen


HIGHLIGHTS

  • New electrical main and subpanels
  • New roof
  • Turnkey, low-capex investment opportunity
  • Desirable unit mix: 1 Studio, 2 One-Bedroom, 3 Two-Bedroom
  • Convenient access to I-280
  • Close to Santana Row, Valley Fair, and Downtown San Jose

OVERVIEW

rime investment opportunity. This six-unit multifamily asset at 780 Deland Avenue is located in the heart of San Jose's central 95128 submarket. Built in 1961 on a 6,440 SF (0.15-acre) lot, the ~4,307 SF building offers a desirable unit mix of one studio, two 1-bed/1-bath, and three 2-bed/1-bath units. The property is 100% occupied* with current scheduled rents totaling $14,357/month ($172,284 annualized), reflecting strong in-place income. Recent capital improvements include a new roof and new electrical main and subpanels, minimizing near-term capex for a buyer. Centrally located approximately 1.1 miles from San Jose City College with convenient access to I-280, and close to Santana Row, Valley Fair, Downtown San Jose, and Santa Clara Valley Medical Center, the property benefits from strong, durable rental demand driven by a broad base of technology and professional-services employers. Offered at $2,200,000 ($510.80/SF). *Occupancy inferred from rent roll provided; buyer to independently verify against leases and tenant ledgers.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$511 USD /SF

# OF UNITS

5

PRICE/UNIT

$440,000

CAP RATE

5.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,447 SF

ZONING

R3, San Jose

APN/PARCEL ID

282-37-040

ASK ABOUT THIS PROPERTY

Endri HoxhaColdwell Banker Commercial RealtyMore Info
415-941-9875

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Endri HoxhaColdwell Banker Commercial RealtyMore Info
415-941-9875

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