Excellent opportunity to acquire a well positioned six unit multifamily property in a desirable San Jose location. The property offers an attractive unit mix of three 2 bedroom units, two 1 bedroom units, and 1 studio. The property generates $172,284 in gross rental income and offers over a 5% cap rate based on listed income and expenses. Recent capital improvements include a new roof, new main electrical panel, upgraded electrical subpanels, and a new water heater reducing near term capital expenditures for the next owner. Additional features include covered parking spaces, individually metered gas and electricity, and on site coin laundry. A compelling opportunity for investors seeking established income, a strong unit mix, significant recent improvements, and long term appreciation potential in the heart of Silicon Valley. Offering memorandum and financial information available upon request. Please do not disturb tenants.
| MLS # | ML82059224 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 22 |
| Listing Provided By | Coldwell Banker Realty | Endri Hoxha |
| SQ Feet | 4,307 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | RM |
| Acreage | 0.15 |
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Other |
|---|
| Property | 26693 |
|---|
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95128 |
| Area | 699 Not Defined |
| Listing VS Median (in 95128) | |
Price: $2,200,000 low | high Med: $1,865,000 sqft: 4,307 low | high Med: 2,857 $ / sqft: $511 low | high Med: $653 On site: 22 low | high Med: 147 | |
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95128 |
| Area | 699 Not Defined |
| Listing VS Median (in 95128) | |
Price: $2,200,000 low | high Med: $1,865,000 sqft: 4,307 low | high Med: 2,857 $ / sqft: $511 low | high Med: $653 On site: 22 low | high Med: 147 | |
![]() | $1,775,000851 Leigh AvenueSan Jose, CA 95128 |