Located in West San Jose near Santana Row, 3711 Underwood Dr offers a prime investment opportunity in a highly desirable neighborhood.
Built in 1962, this four-unit apartment building boasts recent upgrades and a well-designed unit mix, ensuring tenant satisfaction.
With a current cap rate of 3.5% and full occupancy, the property promises stable rental income with potential for growth.
Close proximity to major tech employers and convenient access to amenities and highways make this property a strategic investment choice for long-term appreciation.
Close to Santana Row, 3711 Underwood Dr enjoys a prime spot in West San Jose, appealing to tenants seeking convenience and upscale amenities.
Recent upgrades, like new fencing and on-site laundry, enhance tenant comfort and satisfaction, boosting retention rates.
Positioned in a top Bay Area housing market, the property offers opportunities for rent increases, ensuring potential for improved cash flow and property value.
With a unit suitable for owner occupancy, investors have the flexibility to enjoy rental income while residing in one of the units themselves.
Some transit
Transit Rating
Bikeable
Bikeability Rating
Car-dependent
Walkability Rating
Tamien Commuter Rail (Caltrain) 11 min drive - 6.3 mi
San Jose Diridon Commuter Rail 10 min drive - 5.5 mi
San José International Airport 13 min drive - 8.5 mi
(Mountain View - Winchester Line) 5 min drive -2.7 mi
Winchester Station (Mountain View - Winchester Line) 4 min drive - 1.6 mi
(Mountain View - Winchester Line) 4 min drive - 1.9 mi
(Mountain View - Winchester Line) 5 min drive -2.7 mi
WALK SCORE ®
Very Walkable
(70)
Tamien Commuter Rail (Caltrain) 11 min drive - 6.3 mi
San Jose Diridon Commuter Rail 10 min drive - 5.5 mi
San José International Airport 13 min drive - 8.5 mi
BIKE SCORE ® Very Bikeable (84)
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