Explore the rare chance to acquire a multifamily turn-key investment in the highly desirable city of San Jose, comprising five separate parcels with a total of 29 units.
Built in 1957, the property has undergone significant renovations, with 17 out of 29 units remodeled to feature upgraded bathrooms, kitchens, and dual-pane windows, ensuring modern comfort and appeal.
Strategically positioned near downtown San Jose, Japantown, and major tech employers such as Google, Adobe, and Zoom, the property offers convenient access to highways 101, 680, and 880, enhancing tenant demand and long-term value potential.
With a current cap rate of 4.5% and a pro forma cap rate of 5.6%, along with favorable key financial metrics and significant value-add opportunities, this portfolio presents a compelling investment proposition for savvy investors seeking steady returns and future growth.
Situated in the heart of Silicon Valley, this portfolio benefits from its proximity to downtown San Jose, Japantown, and major tech hubs, offering unparalleled access to top employers and transportation arteries.
With 17 out of 29 units already remodeled and key capital improvements implemented, there remains ample opportunity to further enhance property value and rental income through continued renovations and strategic management.
Featuring a mix of two-bedroom/one-bathroom and one-bedroom/one-bathroom units, this portfolio caters to a broad tenant demographic, ensuring steady occupancy rates and consistent rental income streams.
Despite the dynamic nature of the real estate market, this portfolio boasts a current cap rate of 4.5% and promising key financial metrics, providing investors with confidence in its ability to generate steady cash flow and long-term returns.
Walkable rating
Transit rating
Bikeable 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)