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336 N 5th St 10 Unit Apartment Building $2,999,000 ($299,900/Unit) 4.69% Cap Rate San Jose, CA 95112
INVESTMENT HIGHLIGHTS
- Centrally located 10-unit multifamily asset in vibrant Downtown San Jose
- Proximity to major employers, universities like SCU and SJSU
- Easy access to major hwys (280, 101, 87), Caltrain, Light Rail stations, and just minutes from San Jose Airport
- Upside potential with vacant units and tenant transitions
EXECUTIVE SUMMARY
Prime Investment Opportunity in the Heart of San Jose. Welcome to 336 N 5th St, a centrally located 10-unit multifamily asset in vibrant Downtown San Jose. This property offers a unit mix of eight 1Bd/1Ba units, one 2Bd/1Ba unit, and one studio, catering to a wide range of tenant needs. Situated on a 9,798 SF lot, the property features a gross building area of approximately 5,521 SF. Residents enjoy convenient on-site amenities including covered parking, storage lockers, and laundry facility. Strategically positioned within walking distance to SJSU, Japantown, and the SJ Market Center, this property is surrounded by a dynamic mix of retail, dining, and entertainment options. It also offers easy access to major hwys (280, 101, 87), Caltrain, Light Rail stations, and just minutes from San Jose Mineta International Airport, one of Northern Californias busiest travel hubs. Located in one of the most prosperous and innovation-driven cities in the U.S., this asset presents an opportunity for both savvy investors and 1st time buyers to acquire a stable, income-generating property w/ long-term upside potential. Proximity to major employers, universities like SCU and SJSU, and the city's ongoing urban revitalization make this a highly desirable investment in a thriving rental market.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$228,600
|
$41.45
|
| Other Income |
$1,156
|
$0.21
|
| Vacancy Loss |
$6,858
|
$1.24
|
| Effective Gross Income |
$222,898
|
$40.42
|
| Taxes |
$39,801
|
$7.22
|
| Operating Expenses |
$42,527
|
$7.71
|
| Total Expenses |
$82,328
|
$14.93
|
| Net Operating Income |
$140,570
|
$25.49
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $228,600 |
| Annual Per SF | $41.45 |
| Other Income | |
|---|---|
| Annual | $1,156 |
| Annual Per SF | $0.21 |
| Vacancy Loss | |
|---|---|
| Annual | $6,858 |
| Annual Per SF | $1.24 |
| Effective Gross Income | |
|---|---|
| Annual | $222,898 |
| Annual Per SF | $40.42 |
| Taxes | |
|---|---|
| Annual | $39,801 |
| Annual Per SF | $7.22 |
| Operating Expenses | |
|---|---|
| Annual | $42,527 |
| Annual Per SF | $7.71 |
| Total Expenses | |
|---|---|
| Annual | $82,328 |
| Annual Per SF | $14.93 |
| Net Operating Income | |
|---|---|
| Annual | $140,570 |
| Annual Per SF | $25.49 |
PROPERTY FACTS
| Price | $2,999,000 | Building Class | C |
| Price Per Unit | $299,900 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 5,515 SF |
| Cap Rate | 4.69% | Average Occupancy | 80% |
| Gross Rent Multiplier | 13.05 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM - RM- Multiple Residence District | ||
| Price | $2,999,000 |
| Price Per Unit | $299,900 |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| Gross Rent Multiplier | 13.05 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,515 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.08/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM - RM- Multiple Residence District |
AMENITIES
UNIT AMENITIES
- Heating
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,818 | 535 |
| 2+1 | 1 | $2,300 | 700 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 249-48-013 | Total Assessment | $2,620,023 (2025) |
| Land Assessment | $997,531 (2025) | Annual Taxes | $39,801 ($7.22/SF) |
| Improvements Assessment | $1,622,492 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
249-48-013
Land Assessment
$997,531 (2025)
Improvements Assessment
$1,622,492 (2025)
Total Assessment
$2,620,023 (2025)
Annual Taxes
$39,801 ($7.22/SF)
Tax Year
2024
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336 N 5th St
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