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1073 N 5th St 4 Unit Apartment Building $1,300,000 ($325,000/Unit) 5.22% Cap Rate San Jose, CA 95112
Investment Highlights
- Prime Silicon Valley Location Near Downtown San Jose and Major Tech Employers
- Convenient Access to Major Highways Including 87, 880, and 101
- Strong Rental Demand Driven by Proximity to Top Universities and Employment Hubs
- Attractive Four-Unit Asset with Stable Fundamentals in a Low Vacancy Market
Executive Summary
Marcus & Millichap is pleased to present the investment opportunity located at 1073 N 5th Street in San Jose, California. Long-term renter appeal for this asset is anchored by proximity to major employers, key transportation corridors, and numerous lifestyle amenities. The attractive, four-unit apartment complex is situated on a parcel of land totaling 0.13 acres and features a gross building area of approximately 1,680 square feet. Built in 1954, the property benefits from a world-class location near Downtown San Jose in the renown Silicon Valley region. Residents enjoy direct access to many of the nation’s top tech employers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. Likewise, the multifamily building sits near Santa Clara University, ranked 56th among undergraduate nationwide, and San Jose State University, ranked third among public universities nationwide.
Additionally, the property is just a few blocks from multiple travel corridors, including Highways 87, 880, and 101. Overall, the property presents an attractive choice for multifamily investors thanks to its premier location combined with San Jose’s strong employment fundamentals and low vacancy levels
Additionally, the property is just a few blocks from multiple travel corridors, including Highways 87, 880, and 101. Overall, the property presents an attractive choice for multifamily investors thanks to its premier location combined with San Jose’s strong employment fundamentals and low vacancy levels
Property Facts
| Price | $1,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.22% | Building Size | 3,207 SF |
| Gross Rent Multiplier | 13.08 | Average Occupancy | 95% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | R3, San Jose - Residential | ||
| Price | $1,300,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.22% |
| Gross Rent Multiplier | 13.08 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,207 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R3, San Jose - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 235-09-008 | Improvements Assessment | $162,856 |
| Land Assessment | $244,292 | Total Assessment | $407,148 |
Property Taxes
Parcel Number
235-09-008
Land Assessment
$244,292
Improvements Assessment
$162,856
Total Assessment
$407,148
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1073 N 5th St
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