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27 Topeka Ave 7 Unit Apartment Building $1,850,000 ($264,286/Unit) San Jose, CA 95128
Investment Highlights
- Immediate Income
- Strong Silicon Valley Rental Market
- Attractive opportunity for owner-operators and investors seeking long-term appreciation
- Potential Value Add
- Convenient Access to Major Transportation Corridors
- Near Santa Clara University, Santana Row, and Valley Fair
Executive Summary
The property offers investors immediate cash flow with significant long-term upside through future rent growth and active management. Consisting primarily of one-bedroom units, the asset benefits from strong rental demand driven by its proximity to Santa Clara University, Santana Row, Valley Fair, Downtown San Jose, and major Silicon Valley employment centers.
Property Facts
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $264,286 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 3,450 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1953 |
| Apartment Style | Low-Rise | Parking Ratio | 1.16/1,000 SF |
| Zoning | R1N2 - Residential -Medium Density | ||
| Price | $1,850,000 |
| Price Per Unit | $264,286 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,450 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R1N2 - Residential -Medium Density |
Amenities
Unit Amenities
- Tile Floors
- Hardwood Floors
- Refrigerator
- Range
- Tub/Shower
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 5 | - | - |
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Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 274-17-061 | Improvements Assessment | $1,649,850 |
| Land Assessment | $967,152 | Total Assessment | $2,617,002 |
Property Taxes
Parcel Number
274-17-061
Land Assessment
$967,152
Improvements Assessment
$1,649,850
Total Assessment
$2,617,002
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27 Topeka Ave