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Browse More Listings in Multifamily For Sale, San Jose, CA or California

Multifamily Property For Sale

PRICE REDUCTION!

798 Deland Avenue, San Jose, CA 95128

Price:
$795,000
No. Units:
6
Building Size:
3,570 SF
Price/Unit:
$132,500
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Cap Rate:
5.09%
Gross Rent Multiplier:
10.95
Occupancy:
100%
No. Stories:
2
Year Built:
1960
Lot Size:
6,534 SF
Find Out More...

Last Verified 10/26/2009 Listing ID 16246069

Highlights

NEW PRICING! LISTED AT $795,000
Low Rents!
All 1 bedroom units

Onsite Laundry for additional income
GREAT LOCATION! Steps to Lt. Rail, SJCC, Valley Med, Interstate 280 & 880
Excellent Investment for first time investor!

Description

NEW PRICING!!! Excellent investment opportunity for first time investor who is seeking a property with minimal management. Rents are below market.
10.38 on GSI. The subject property features all (6) 1 bedroom / 1 bathroom units. The property has covered parking and an on-site laundry facility which provides additional income.

The property is located at 798 Deland Avenue, near the intersection of Fruitdale Avenue and Southwest Expressway. It is within steps to the Light Rail Station, San Jose City College, Valley Medical Center and minutes to Westfield Valley Fair & Santana Row. It is conveniently located near Highway 280, 880/17 and 87.
The location allows for easy access throughout the Bay Area.

Financial Summary

Unit Mix Information

Debt & Equity Information

Proforma
Scheduled Gross Income
$72,600
Effective Gross Income
$68,970
Operating Expenses
$28,518
Net Operating Income
$40,453

Description	No. Units	Avg. Mo. Rent
One bedroom / One bathroom	6	$995

Map of 798 Deland Avenue, San Jose, CA 95128 (Santa Clara County)

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Created 5/20/2009

Additional Information for 798 Deland Avenue, San Jose, CA 95128

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - PRICE REDUCTION!

798 Deland Avenue, San Jose, CA, 95128