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3557 San Felipe Rd 5 Unit Apartment Building $1,265,000 ($253,000/Unit) 5.72% Cap Rate San Jose, CA 95135
Investment Highlights
- Rarely Available Multifamily Offering in Silver Creek Area of San Jose
- Proximate to Amazing Recreation, Retail, and Restaurant Options
- Newer Roof: 2020 with Permits
Executive Summary
3557 San Felipe Road is a charming 5-unit property located near the highly desireable Silver Creek area of San Jose. The property has a newer comp shingle roof (2020 with permit) and water heater (2024 with permit). All units are 1+1 with spacious layouts and ample closet space. Tenants benefit from a 2:1 on-site parking ratio and close proximity to recreation options such as Coyote Creek Trail, Evergreen Village Square and Duck Pond, and the 178 acre Hellyer County Park featuring playgrounds, dog park, hiking, picnic tables, fishing, biking, and courts.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $1,265,000 | Building Class | C |
| Price Per Unit | $253,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,032 SF |
| Cap Rate | 5.72% | Average Occupancy | 60% |
| Gross Rent Multiplier | 10.68 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1945 |
| Property Type | Multifamily | Parking Ratio | 1.64/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R1B2 | ||
| Price | $1,265,000 |
| Price Per Unit | $253,000 |
| Sale Type | Investment |
| Cap Rate | 5.72% |
| Gross Rent Multiplier | 10.68 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,032 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R1B2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,895 | 600 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 676-33-008 | Total Assessment | $338,503 |
| Land Assessment | $99,550 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $238,953 | Tax Year | 2025 |
Property Taxes
Parcel Number
676-33-008
Land Assessment
$99,550
Improvements Assessment
$238,953
Total Assessment
$338,503
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3557 San Felipe Rd
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