3061 David Ave 6 Unit Apartment Building $1,928,000 ($321,333/Unit) 5.16% Cap Rate San Jose, CA 95128

Contact jcastellanos@marcusmillichap.com for OM and DD. BCG Multifamily is pleased to present 3061 David Avenue, a 6-unit multifamily property located in San Jose, California. Originally constructed in 1958, the asset sits on an approximately 6,600 square foot parcel and features a 2,910 square foot building. The property is comprised entirely of one-bedroom/one-bath units, offering a consistent and efficient unit mix that caters well to individual renters and couples seeking quality housing in a desirable Silicon Valley location. The building’s straightforward layout and manageable scale provide for ease of operation while maintaining a strong history of occupancy.
The property benefits from an exceptional location within Silicon Valley, positioned between Historic Downtown Campbell and Santana Row—two of the area’s premier destinations for dining, retail, and entertainment. Residents enjoy convenient access to a wide array of neighborhood amenities including grocery stores, restaurants, and parks, as well as close proximity to major employment centers throughout the region. San Jose remains the economic engine of Silicon Valley, anchored by leading technology companies such as Apple, Google, Adobe, Cisco, and a robust ecosystem of emerging firms. Additionally, the property offers excellent connectivity via Highways 280, 880, and 17, along with convenient access to San Jose International Airport and nearby public transportation options.
From an investment standpoint, 3061 David Avenue presents a stable, income-producing asset with minimal operational friction. The property currently achieves an average rent of approximately $2,033 per unit, which is estimated to be only 15% below current market levels. This close alignment with market rents reflects strong in-place income and reduces the need for significant repositioning, while still allowing for upside through organic rent growth and continued professional management. Given the strength of the surrounding rental market and the property’s highly desirable location, 3061 David Avenue offers investors the opportunity to acquire a well-performing asset with dependable cash flow and long-term stability in one of the nation’s most resilient rental markets.