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Parkview Apartments @ WESTGATE 4567-4575 Hamilton Ave 20 Unit Apartment Building $5,550,000 ($277,500/Unit) 5.18% Cap Rate San Jose, CA 95130
Investment Highlights
- Prime Location situated a block from Westgate Center
- Recent Improvements include New Electrical Upgrades, Asphalt Overlay, Laundry Facility, Exterior Paint, Mailboxes, SB721 Compliant with New Meshing
- Strong Rental Market in Highly Constrained Rental Market
- Desirable Unit Mix of 1-2-3 bedroom units
- Dedicated Parking with Individual Storage, Ample Courtyard Space for Residents
Executive Summary
Kidder Mathews is pleased to present Parkview Apartments, a well-maintained twenty-unit apartment community located in West San Jose. This presents a compelling investment opportunity supported by Silicon Valley’s strong employment base and proximity to top-rated school districts.
Originally built in 1963, the property consists of 15,209 gross rentable square feet (per county assessor) situated on a 21,000 square foot lot. The unit mix features ten (10) one-bedroom/one-bathroom units, eight (8) two-bedroom/one-bathroom units, one (1) two-bedroom/two-bathroom units, and one (1) three-bedroom/two-bathroom units.
Ideally located a block from Westgate Center, Parkview Apartments sits near the borders of Campbell and Saratoga. The property is located near major tech employers and education institutions. 4567-4575 Hamilton Avenue offers investors a rare opportunity to acquire an asset in one of the nation’s most supply-constrained and strongest rental markets.
Originally built in 1963, the property consists of 15,209 gross rentable square feet (per county assessor) situated on a 21,000 square foot lot. The unit mix features ten (10) one-bedroom/one-bathroom units, eight (8) two-bedroom/one-bathroom units, one (1) two-bedroom/two-bathroom units, and one (1) three-bedroom/two-bathroom units.
Ideally located a block from Westgate Center, Parkview Apartments sits near the borders of Campbell and Saratoga. The property is located near major tech employers and education institutions. 4567-4575 Hamilton Avenue offers investors a rare opportunity to acquire an asset in one of the nation’s most supply-constrained and strongest rental markets.
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 | $5,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $277,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.48 AC |
| Cap Rate | 5.18% | Building Size | 15,209 SF |
| Gross Rent Multiplier | 11.58 | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.32/1,000 SF |
| Zoning | R3, San Jose | ||
| Price | $5,550,000 |
| Price Per Unit | $277,500 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 11.58 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 15,209 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | R3, San Jose |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 650 |
| 2+1 | 8 | - | 800 |
| 2+2 | 1 | - | 925 |
| 3+2 | 1 | - | 1,270 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 307-04-067 | Total Assessment | $3,708,612 (2026) |
| Land Assessment | $1,614,277 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,094,335 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
307-04-067
Land Assessment
$1,614,277 (2026)
Improvements Assessment
$2,094,335 (2026)
Total Assessment
$3,708,612 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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