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Listed by Endri Hoxha • Coldwell Banker Realty, DRE#02059299
$2,200,000
Est. payment /mo
3 Beds
3 Baths
4,307 SqFt
New
780 Deland AVE San Jose, CA 95128
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,307 sqft
Price per Sqft $510
MLS Listing ID ML82059224
Bedrooms 3
Full Baths 3
Year Built 1961
Lot Size 6,534 Sqft
Property Sub-Type Five or More Units
Property Description
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.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Interior
Heating Wall Furnace
Cooling Other
Laundry Coin Operated
Exterior
Parking Features Carport
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions None
Tax ID 282-37-040
Security Features None
Special Listing Condition Not Applicable
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