Multifamily Property for Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95127

Description

This is being sold as part of a four property portfolio located in San Jose, CA. They can be purchased together or separately. The portfolio contains the following properties: 631 Hillmont Avenue, 2747 Sussex Drive, 1951 Panama Avenue, and 345 Cureton Place. Investment Highlights: • NOT subject to rent control and have significant value-add upside (buyer to verify) • All four properties are tenant occupied on a month-to-month lease. • Allows an investor to immediately scale their investment to four single family homes in close proximity. • Significant value-add upside allows an investor to renovate and re-tenant or to renovate and flip.

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 2.5% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in San Jose, CA — <a href="/search/sale/multifamily/california/san-jose">view the full market</a>.

As of Q3 2021, the Silicon Valley multifamily market showed a 4.4% vacancy rate, and average asking rents near $1591.00/unit/mo. Source: Www.lee-Associates.com Q3 2021 market report.

Tight vacancy keeps competition for quality space elevated.

Multifamily market FAQ

Is the Silicon Valley multifamily market tightening or softening?
Vacancy is around 4.4% (Q3 2021).

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