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405 S Buena Vista Ave, San Jose 405 S Buena Vista Ave 9 Unit Apartment Building $2,495,000 ($277,222/Unit) 5.33% Cap Rate San Jose, CA 95126
INVESTMENT HIGHLIGHTS
- • Nine units across five buildings, plus 2 – 2 car garages
- • Zoned for up to 17 units – unlock significant value through expansion
- • 8 garage spots + 7 car stalls – ideal parking ratio for tenants
- • Sits on a 25,600 SF lot with ample space for future development of additional 8 units
- • Current rents are significantly below market – strong upside through renovation
EXECUTIVE SUMMARY
Golden Investment Opportunity in Bascom Forest – Estate Sale
Introducing a rare opportunity to acquire a nine-unit residential property in the sought-after Bascom Forest neighborhood. Spread across a 25,700 square-foot lot, this estate sale offers immense value-add potential and is perfectly positioned for expansion or redevelopment.
The property consists of five separate buildings housing the nine units, providing an appealing layout for both residents and future redevelopment plans. On-site amenities include 8 garage spots and 7 open car stalls, ensuring ample parking — a highly desirable feature in this area.
Introducing a rare opportunity to acquire a nine-unit residential property in the sought-after Bascom Forest neighborhood. Spread across a 25,700 square-foot lot, this estate sale offers immense value-add potential and is perfectly positioned for expansion or redevelopment.
The property consists of five separate buildings housing the nine units, providing an appealing layout for both residents and future redevelopment plans. On-site amenities include 8 garage spots and 7 open car stalls, ensuring ample parking — a highly desirable feature in this area.
FINANCIAL SUMMARY (ACTUAL - 2025) 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $2,495,000 | Building Class | C |
| Price Per Unit | $277,222 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 6,500 SF |
| Cap Rate | 5.33% | Average Occupancy | 80% |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | MUN - MUN Mixed Use Neighborhood District. The MUN Mixed Use Neighborhood district is intended to implement the Mixed Use Neighborhood general plan land use | ||
| Price | $2,495,000 |
| Price Per Unit | $277,222 |
| Sale Type | Investment |
| Cap Rate | 5.33% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 6,500 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | MUN - MUN Mixed Use Neighborhood District. The MUN Mixed Use Neighborhood district is intended to implement the Mixed Use Neighborhood general plan land use |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| Studios | 1 | - | - |
| 2+1 | 1 | - | - |
| 4+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 277-17-038 | Improvements Assessment | $269,326 |
| Land Assessment | $165,728 | Total Assessment | $435,054 |
PROPERTY TAXES
Parcel Number
277-17-038
Land Assessment
$165,728
Improvements Assessment
$269,326
Total Assessment
$435,054
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405 S Buena Vista Ave, San Jose | 405 S Buena Vista Ave
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