407 Raymond Ave 2 Unit Apartment Building Offered at $1,445,000 at a 3.82% Cap Rate San Jose, CA 95128

407 Raymond Avenue is a two-unit residential property featuring mirrored units offering immediate occupancy with renovations including new flooring, paint, blinds, lighting, built-in microwaves, toilet, and sliding door (Unit B), and landscaping. The property boasts unique features such as private laundry closets in each unit, private entrances, private and secluded patios, a two-car covered carport, and an abundance of parking. Each unit is approximately 1,040 square feet in size.

The first floor boasts an inviting layout, complete with a well-designed kitchen, a spacious living room, and a charming patio. Upstairs, the second floor offers two comfortable bedrooms and a full bathroom. The outdoor area is adorned with mature fruit trees, including avocado, orange, and fig, providing tenants with access to fresh produce.

Prime location, just 2 minutes from Highway 280 and 4 minutes from Highway 880, this property offers unparalleled convenience. The Westfield Valley Fair Mall, anchored by Nordstrom and Macy's, is a mere 5-minute drive away and features dining options like Cheesecake Factory, Shake Shack, Eataly, and California Pizza Kitchen. Adjacent to the mall is Santana Row, an upscale destination featuring a diverse range of shops, bars, and restaurants. San Jose City College is within a 15-minute walk, making this location ideal for students and faculty. Additionally, O'Connor Hospital and Santa Clara Valley Medical Center are only a mile away, providing easy access for medical professionals and healthcare services.

407 Raymond Avenue’s exceptional combination of property features and strategic location for a standout investment or owner/user opportunity in the heart of San Jose. Cap rate is based on a projection. Contact Christian Renz at Renz & Renz for more information today!