Multifamily Property for Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95112

Description

Marcus & Millichap is pleased to present Veridian on 4th, a well-located 19-unit apartment community in the highly desirable San Jose market. Positioned in the heart of the city’s urban core, the property benefits from close proximity to San José State University, offering a strong and consistent tenant base driven by student, faculty, and young professional demand. The property consists of eighteen (18) two-bedroom, one-bathroom units and one (1) studio unit, providing an attractive and well-balanced unit mix. Select units (414-2, 420-2, and 420-5) feature in-unit washer and dryer, enhancing tenant convenience and rental appeal. The property also includes twenty-one uncovered parking spaces, a valuable amenity in this dense, urban location. Ideally located near Downtown San Jose and San Pedro Square, tenants enjoy walkable access to a wide array of dining, nightlife, and entertainment options. The property is also within close proximity to San Jose Diridon Station, providing connectivity to major transit lines including Caltrain, ACE, and future BART expansion. Surrounded by Silicon Valley’s major tech employers, Veridian on 4th is well-positioned to attract renters seeking proximity to employment centers and urban conveniences. The combination of a prime location, strong demand drivers, and desirable unit features positions this asset as an attractive long-term investment opportunity. Investment Highlights: • Unmatched Location ±100 feet from San José State University • Ample Parking – Twenty-one (21) uncovered parking spaces • Prime Urban Setting located in the heart of San Jose's downtown core • Walkable Lifestyle within 0.5 miles of Downtown San Jose & San Pedro Square • Transit-Oriented: ~2 miles to Diridon Station (Caltrain, ACE, future BART) • Strong Demand Drivers Supported by SJSU and Silicon Valley employment • In-Unit W&D - featured in units 414-2, 420-2, and 420-5

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 67 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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