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1566 Stokes St 4 Unit Apartment Building $1,850,000 ($462,500/Unit) 3.36% Cap Rate San Jose, CA 95126
INVESTMENT HIGHLIGHTS
- Property has completed all SB-721 requirements - the required inspections of exterior elevated elements (balconies).
- Most of the units are large and spacious.
- Lightrail offers a direct route to either Downtown Campbell or Downtown San Jose.
- Unit 1 has been fully renovated with new stainless steel appliances, flooring, countertops, and bathroom fixtures.
- Residents are within walking distance of eBay's Main Campus, the Pruneyard Shopping Center, and Downtown Campbell.
EXECUTIVE SUMMARY
Arguably the nicest fourplex currently on the market in San Jose! Come see for yourself! New roof 2020. SB 721 is complete - new balconies with new handrails. New exterior paint 2023. "Owners" unit, the 3 bed 2.5 bath, is completely remodeled. Excellent location near the Los Gatos Creek Trail. Minutes from Valley Fair, Santa Row and Ebay world HQ. 1566 Stokes Street consists of (1) 3 bed / 2.5 bath, (1) 2 bed / 1 bath, and (2) 1 bed / 1 bath. Significant upside as the 2-bedroom and 1-bedroom units can be renovated to achieve significantly higher rents. Residents enjoy amenities such as on-site parking in a gated lot and on-site laundry. The location is also a key highlight as it's next to several major streets and transit hubs, while located between numerous centers of economic activity. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $462,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 3.36% | Building Size | 3,328 SF |
| Gross Rent Multiplier | 17.98 | Average Occupancy | 97% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Zoning | R4H, San Jose | ||
| Price | $1,850,000 |
| Price Per Unit | $462,500 |
| Sale Type | Investment |
| Cap Rate | 3.36% |
| Gross Rent Multiplier | 17.98 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,328 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2022 |
| Parking Ratio | 1.25/1,000 SF |
| Zoning | R4H, San Jose |
AMENITIES
SITE AMENITIES
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 525 |
| 2+1 | 1 | - | 830 |
| 3+2.5 | 1 | - | 1,448 |
1 1
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 284-27-031 | Improvements Assessment | $423,133 |
| Land Assessment | $319,342 | Total Assessment | $742,475 |
PROPERTY TAXES
Parcel Number
284-27-031
Land Assessment
$319,342
Improvements Assessment
$423,133
Total Assessment
$742,475
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1566 Stokes St
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