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490 Page St 9 Unit Apartment Building $3,199,000 ($355,444/Unit) San Jose, CA 95126
Executive Summary
Key Features
• Prime Location: Situated in the Midtown Redevelopment Area of San Jose, this apartment is just minutes away from downtown, offering easy access to shopping, dining, and
entertainment options.
• Spacious Living: The apartment boasts a generous floor plan with ample natural light,providing a comfortable and inviting living space.
• Recent Upgrades: New roofs were installed in 2015, and 8 of the 9 units have been renovated with plank vinyl flooring, quartz countertops, faux wood mini blinds, dual pane
windows and paint.
• Convenient Commute: Located 1 & 1/2 miles from Diridon Train Station, with easy access to highways 85, 280, and 17.
• Unit Mix: The property features a great unit mix of 1 single-family residence (SFR), 4 onebedroom/one-bath units, and 4 two-bedroom/two-bath units.
• Infrastructure Improvements: Recently seal-coated driveway, upgraded electrical panels in each unit, and a new main power line.
• Stabilized Asset: This property represents a stabilized asset with strong potential for rental income and appreciation.
• Prime Location: Situated in the Midtown Redevelopment Area of San Jose, this apartment is just minutes away from downtown, offering easy access to shopping, dining, and
entertainment options.
• Spacious Living: The apartment boasts a generous floor plan with ample natural light,providing a comfortable and inviting living space.
• Recent Upgrades: New roofs were installed in 2015, and 8 of the 9 units have been renovated with plank vinyl flooring, quartz countertops, faux wood mini blinds, dual pane
windows and paint.
• Convenient Commute: Located 1 & 1/2 miles from Diridon Train Station, with easy access to highways 85, 280, and 17.
• Unit Mix: The property features a great unit mix of 1 single-family residence (SFR), 4 onebedroom/one-bath units, and 4 two-bedroom/two-bath units.
• Infrastructure Improvements: Recently seal-coated driveway, upgraded electrical panels in each unit, and a new main power line.
• Stabilized Asset: This property represents a stabilized asset with strong potential for rental income and appreciation.
Property Facts
| Price | $3,199,000 | Building Class | C |
| Price Per Unit | $355,444 | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 5,900 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2015 |
| Property Subtype | Apartment | Parking Ratio | 2.23/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $3,199,000 |
| Price Per Unit | $355,444 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,900 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2015 |
| Parking Ratio | 2.23/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,990 | 525 |
| 2+1 | 4 | $2,250 | 700 |
| 2+1 | 1 | $3,055 | 1,000 |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 277-21-010 | Improvements Assessment | $1,102,553 |
| Land Assessment | $1,682,847 | Total Assessment | $2,785,400 |
Property Taxes
Parcel Number
277-21-010
Land Assessment
$1,682,847
Improvements Assessment
$1,102,553
Total Assessment
$2,785,400
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490 Page St
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