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2131 Marlboro Ct
San Jose, CA 95128
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Renovated Asset
- Located Near Campbell
Executive Summary
2131 Marlboro Ct “The Property” is an 11-unit multifamily asset in the heart of
San Jose, California. The property consists of well-maintained rental units with
6,972 rentable square feet, averaging approximately 634 square feet per unit.
Built in the 1950s, this property has been substantially renovated and improved.
Ownership has recently taken care of any deferred maintenance items.
The property achieves strong in-place rents of $1,863 per unit, or $2.94 per
square foot, supported by robust market fundamentals and a high-demand rental
environment. This presents a compelling opportunity for investors to acquire a
stable, income-generating asset in a thriving market.
Additional value-add upside can be achieved through programmatic renovations
through all 11 units. They are currently lightly upgraded and well maintained but
rents can be recaptures with additional ~$10k in per unit improvements.
CBRE underwrites a 6.71% proforma cap rate.
San Jose, California. The property consists of well-maintained rental units with
6,972 rentable square feet, averaging approximately 634 square feet per unit.
Built in the 1950s, this property has been substantially renovated and improved.
Ownership has recently taken care of any deferred maintenance items.
The property achieves strong in-place rents of $1,863 per unit, or $2.94 per
square foot, supported by robust market fundamentals and a high-demand rental
environment. This presents a compelling opportunity for investors to acquire a
stable, income-generating asset in a thriving market.
Additional value-add upside can be achieved through programmatic renovations
through all 11 units. They are currently lightly upgraded and well maintained but
rents can be recaptures with additional ~$10k in per unit improvements.
CBRE underwrites a 6.71% proforma cap rate.
Property Facts
| Price Per Unit | $286,364 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Cap Rate | 5.01% | Building Size | 5,757 SF |
| Gross Rent Multiplier | 12.8 | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1957/2025 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, San Jose | ||
| Price Per Unit | $286,364 |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| Gross Rent Multiplier | 12.8 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,757 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2025 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, San Jose |
Amenities
Site Amenities
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 550 |
| 1+1 | 7 | - | 650 |
| 2+1 | 2 | - | 700 - 725 |
Property Taxes
| Parcel Number | 282-32-024 | Improvements Assessment | $1,332,461 |
| Land Assessment | $622,774 | Total Assessment | $1,955,235 |
Property Taxes
Parcel Number
282-32-024
Land Assessment
$622,774
Improvements Assessment
$1,332,461
Total Assessment
$1,955,235
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