780 Deland AVE, San Jose, CA 95128
- $2,200,000
- 4,307
- SqFt
Listed by Endri Hoxha, 415-941-9875 from Coldwell Banker Realty
(If provided) CoList: from
- List Price
- $2,200,000
- MLS#
- ML82059224
- Status
- ACTIVE
- Property Type
- Commercial
- Class
- Five or More Units
- Sqft. of Residence
- 4,307
- City
- San Jose
- Lot Size
- 6,534
- Zip
- 95128
- Sqft. of Residence
- 4,307
- Listing Area
- Central San Jose
- Acres
- 0.15
- Neighborhood
- Rose Glen, Willow Glen
- Year Built
- 1961
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.
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Additional Information
- Cooling System
- Other
- Foundation
- Other
- Garage Parking
- Carport
- Carport
- 6
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 4,307
- Lot Size
- 6,534
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Other
- Sewer
- Other
- Unincorporated Yn
- Yes
- Water
- Other
- Zoning
- RM
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