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423 N 26th St
San Jose, CA 95116
Julian West Apartments · Multifamily Property For Sale
·
27 Units
Investment Highlights
- Excellent unit mix of 12 one-bedroom and 15 two-bedroom units featuring private patios/balconies and individual water heaters for tenant comfort.
- Solid performance and upside opportunity through attractive cap rates, with a 5.5% return on current income and potential for 6.45% at market rents.
- Expansive 1.13-acre lot with lush, well-maintained landscaping, enhancing curb appeal and resident satisfaction in a high-occupancy property.
- Assumable 2.84% financing available, offering investors immediate savings and strong cash-flow potential in today’s rising rate environment.
Property Facts
| No. Units | 27 | Building Size | 10,360 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 0.56 AC | ||
| Zoning | R3 - Residential | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 10,360 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Balcony
- Refrigerator
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 650 |
| 2+1 | 15 | - | 900 |
Property Taxes
| Parcel Number | 249-66-017 | Improvements Assessment | $647,685 |
| Land Assessment | $261,232 | Total Assessment | $908,917 |
Property Taxes
Parcel Number
249-66-017
Land Assessment
$261,232
Improvements Assessment
$647,685
Total Assessment
$908,917
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