Multifamily Property for Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95128

Description

832 Deland Ave. is a 6 unit multifamily property located in San Jose. The unit mix consists of (6) 1 bedroom / 1 bathroom that are approximately 585 sq ft each. The property sits on a 0.15 acres (or 6,440 sq ft) lot. Among the amenities are ample parking and easy access to most points of interest in the South Bay. The property has undergone numerous improvements in recent years including a complete remodel of unit 3, replacement of the deck/stairs/handrails, and upgraded copper plumbing. Investment Highlights: • Unit 3 has been fully renovated with new new kitchen and bathroom that includes appliances, flooring, and fixtures. • Most units have updated bathrooms that include new fixtures, sink, and shower heads. • With the exception of Unit 2, all units have had synthetic hardwood style flooring installed. • Plumbing has been upgraded with copper pipes and ABS wastelines.

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 4.3% 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).

Contact

Explore this market

Similar Multifamily Property for Sale in San Jose, CA