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2041 Beatrice Ct 12 Unit Apartment Building $3,330,000 ($277,500/Unit) 5.12% Cap Rate San Jose, CA 95128



INVESTMENT HIGHLIGHTS
- Below-market rents provide an excellent opportunity to increase NOI through strategic renovations and market-rate adjustments.
- Close to shopping centers, transit options, and major highways—ensuring consistent tenant demand and low vacancy.
- Situated near a city redevelopment area, investors may benefit from long-term neighborhood appreciation and future infrastructure improvements.
EXECUTIVE SUMMARY
Nestled on a quiet cul-de-sac in San Jose’s desirable Del Mar area, 2041 Beatrice Ct. presents an exceptional 12-unit multi-family investment opportunity offering both stability and growth potential. Built in 1957, this well-maintained two-story garden-style complex sits on approximately 0.31 acres (~13,500 SF) with a total building size of roughly 6,104 SF and a strong unit mix of ten one-bedroom and two two-bedroom apartments, all currently rented below market rates. The property features ample on-site parking, including two private garages, along with a remodeled laundry room, dual-pane windows, enhancing both tenant convenience and long-term asset stability. With rents positioned for growth through modest interior upgrades and strategic adjustments, there is a clear value-add opportunity to increase net operating income. Ideally located near a city redevelopment zone, the property stands to benefit from future neighborhood appreciation and infrastructure improvements, while offering excellent access to major freeways (17, 280, 880), light rail, and premier retail destinations such as Santana Row, Valley Fair, and The Pruneyard. Combining current income, future upside, and strong long-term positioning, this low-vacancy asset is well-suited for both short-term gains and sustained portfolio performance in one of Silicon Valley’s most dynamic submarkets.
DATA ROOM Click Here to Access
- Operating and Financials
- Third Party Reports
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
| Price | $3,330,000 | Apartment Style | Low-Rise |
| Price Per Unit | $277,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.12% | Building Size | 6,104 SF |
| Gross Rent Multiplier | 10.99 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 2.46/1,000 SF |
| Zoning | R3, San Jose | ||
| Price | $3,330,000 |
| Price Per Unit | $277,500 |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Gross Rent Multiplier | 10.99 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 6,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | R3, San Jose |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Disposal
- Heating
- Granite Countertops
- Hardwood Floors
- Oven
- Range
- Tub/Shower
- Double Pane Windows
- Window Coverings
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Gas Range
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 475 - 500 |
| 2+1 | 2 | - | 650 |
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PROPERTY TAXES
| Parcel Number | 282-32-042 | Improvements Assessment | $1,098,691 |
| Land Assessment | $856,261 | Total Assessment | $1,954,952 |
PROPERTY TAXES
Parcel Number
282-32-042
Land Assessment
$856,261
Improvements Assessment
$1,098,691
Total Assessment
$1,954,952
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2041 Beatrice Ct
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