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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
- 1073 N 5th Street presents an investment opportunity to secure an attractive 4-unit asset with stable fundamentals in a low-vacancy market.
- Opportunity to tap into strong rental demand driven by proximity to top universities such as Santa Clara and Stanford, and employment hubs.
- Prime Silicon Valley location near Downtown San Jose and major tech employers, including Intel, Cisco Systems, HP, Apple, eBay, Netflix, and Alphabet.
- Convenient access to major highways, including 87, 880, and 101, and nearby retailers such as Starbucks, 24 Hour Fitness, At Home, and Costco.
Executive Summary
Marcus & Millichap is pleased to present the investment opportunity located at 1073 N 5th Street in San Jose, California. The long-term renter appeal of this asset is anchored by its proximity to major employers, key transportation corridors, and numerous lifestyle amenities. Built in 1954, this attractive four-unit apartment complex is situated on a 0.13-acre parcel and features a gross building area of approximately 1,680 square feet.
The property benefits from a world-class location near Downtown San Jose, in the renowned Silicon Valley. 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.
The property benefits from a world-class location near Downtown San Jose, in the renowned Silicon Valley. 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.
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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