Multifamily Property for Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95110

Description

697 Hamline St is a well-situated triplex asset located in the thriving city of San Jose, California. Situated on a 3,864 square foot parcel of land, the subject property features a gross building area of approximately 1,500 square feet, offering its tenants 100% beautifully designed one-bedroom floor plans. Additionally, all three units feature split heating and air conditioning. The subject property is within walking distance to various lifestyle amenities such as PayPal Park (0.3mi), Coleman Landings Shopping Mall (0.2mi), In-N-Out Burger (0.2mi), Costco (1.3mi), and a new BART station currently in construction. 697 Hamline St sits near Downtown San Jose and is within close proximity to the Target-anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC), one of the busiest airports in Northern California, serving millions of passengers annually to both domestic and international destinations. Additionally, the subject property is located near San Jose State University and Santa Clara University, ranked 54th nationally for undergraduate programs and 11th nationally for the executive MBA program based on U.S. News & World Report rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as Santa Clara County Medical Center, Adobe, PwC, Deloitte, and Cisco, among many other multinational enterprises. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 697 Hamline St presents an attractive choice to investors due to its close proximity to shopping, dining, and entertainment options. Investment Highlights: • Well-Situated San Jose Triplex Investment Opportunity • Walking Distance to Nearby Retail • Prime San Jose Location • Quick Access Around the Bay A

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 1.0% 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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