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508 Willard Ave
San Jose, CA 95126
Multifamily Property For Sale
·
20 Units
Investment Highlights
- Offered at just $205,000 per unit, the most attractively priced multifamily asset currently available in the San Jose market.
- Rents are approximately 35% below market with scheduled 5% increases across all units in September 2025.
- Situated in the Buena Vista neighborhood near major highways and top destinations like Santana Row, Downtown San Jose, and Westfield Valley Fair.
- Strong In-place cap rate of 4.57% with all operating expenses factored in, including payroll and management.
- Includes sixteen one-bedroom and four two-bedroom units across 11,728 rentable square feet.
Property Facts
| No. Units | 20 | Building Size | 11,368 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1957 |
| Building Class | C | Parking Ratio | 2.11/1,000 SF |
| Lot Size | 0.74 AC | ||
| Zoning | MUN - Mixed-Use Neighborhood | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 11,368 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | MUN - Mixed-Use Neighborhood |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 4 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $813,781 | |
| Land Assessment | $329,569 | Total Assessment | $1,143,350 |
Property Taxes
Parcel Numbers
Land Assessment
$329,569
Improvements Assessment
$813,781
Total Assessment
$1,143,350
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