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Open House Sat 6/27,11-12 and Tue 6/30, 12-1 345 Cureton Pl 2 Unit Apartment Building $898,000 ($449,000/Unit) 5.28% Cap Rate San Jose, CA 95127
Investment Highlights
- Single Family Home with attached two-story ADU
Executive Summary
Open House Sat 6/27 from 11am - 12pm and Tue 6/30 from 12pm-1pm. 345 Cureton Place is a single-family residential home with an attached ADU located in San Jose, CA. The property consists of a main home that is approximately 1,630 square feet and has four bedrooms with two bathrooms and a separate den-like area. Attached to the property is a two-story one-bedroom one-bathroom unit measuring approximately 615 square feet and has a separate entrance at the rear of the property. The property has a shallow enclosed garage at the front of the property that provides ample storage. At the rear of the property is a large covered patio with a small grass area.
With Silicon Valley rental demand at record levels — rents up 3.2% year-over-year — this property represents a compelling income-generating opportunity in one of the nation's strongest rental markets. For the owner-occupant, the ADU offers an ideal solution to offset the mortgage with rental income or provide a private, comfortable space for extended family — making this a smart and flexible investment in every scenario.
Property is 100% Vacant. Income numbers are proforma. 345 Cureton Place sits in East San Jose's Alum Rock neighborhood, close to the dining and retail of Little Portugal and Little Saigon, Eastridge Mall, and the recreational amenities of Lake Cunningham Regional Park. The property is also well-positioned near the Eastridge to BART Regional Connector project currently under construction, which will link the Alum Rock Light Rail Station to the Eastridge Transit Center, allowing riders to connect directly to BART at the Milpitas Station — a major transit upgrade set to boost the area's long-term appeal.
The property's current configuration has not been altered or modified by the current owner during their ownership. Any additions or permits are unknown. Buyer must satisfy themselves with the condition, layout, and permit history.
With Silicon Valley rental demand at record levels — rents up 3.2% year-over-year — this property represents a compelling income-generating opportunity in one of the nation's strongest rental markets. For the owner-occupant, the ADU offers an ideal solution to offset the mortgage with rental income or provide a private, comfortable space for extended family — making this a smart and flexible investment in every scenario.
Property is 100% Vacant. Income numbers are proforma. 345 Cureton Place sits in East San Jose's Alum Rock neighborhood, close to the dining and retail of Little Portugal and Little Saigon, Eastridge Mall, and the recreational amenities of Lake Cunningham Regional Park. The property is also well-positioned near the Eastridge to BART Regional Connector project currently under construction, which will link the Alum Rock Light Rail Station to the Eastridge Transit Center, allowing riders to connect directly to BART at the Milpitas Station — a major transit upgrade set to boost the area's long-term appeal.
The property's current configuration has not been altered or modified by the current owner during their ownership. Any additions or permits are unknown. Buyer must satisfy themselves with the condition, layout, and permit history.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $898,000 | Apartment Style | Garden |
| Price Per Unit | $449,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.28% | Building Size | 2,280 SF |
| Gross Rent Multiplier | 13.13 | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Zoning | R1 | ||
| Price | $898,000 |
| Price Per Unit | $449,000 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Gross Rent Multiplier | 13.13 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,280 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1935 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | R1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 601-26-039 | Total Assessment | $276,851 (2025) |
| Land Assessment | $180,277 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $96,574 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
601-26-039
Land Assessment
$180,277 (2025)
Improvements Assessment
$96,574 (2025)
Total Assessment
$276,851 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
Open House Sat 6/27,11-12 and Tue 6/30, 12-1 | 345 Cureton Pl