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5653 Via Monte Dr 4 Unit Apartment Building $1,650,000 ($412,500/Unit) 3.69% Cap Rate San Jose, CA 95118
Investment Highlights
- Incredible South San Jose Fourplex
- Convenient Tenant Amenities
- Signi cant Capital Improvements
- Prime San Jose Location
Executive Summary
5653 Via Monte Dr is an exceptional fourplex located in the thriving city of San Jose, California. Situated on a parcel of land totaling 8,614 square feet, the subject property was originally constructed in 1963 and features a gross building area of approximately 3,364 square feet, offering tenants beautifully designed two-bedroom floor plans. 5653 Via Monte Dr also offers tenants convenient amenities such as private carport parking, private backyards for ground level units, and private balconies for upstairs units. 5653 Via Monte Dr is situated within the Cambrian neighborhood known for its peaceful residential streets, beautiful parks and desirable school district. The subject property is also walking distance to many major retailers such as Target, Home Depot, Home Goods, and much more. Additionally, the subject property is within close proximity to San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. As part of Silicon Valley, this location also offers renters quick access to many of the nation’s top tech employers including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 5653 Via Monte Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
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Property Facts
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $412,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 3.69% | Building Size | 3,364 SF |
| Gross Rent Multiplier | 15.51 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Zoning | R3H, San Jose | ||
| Price | $1,650,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 3.69% |
| Gross Rent Multiplier | 15.51 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,364 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R3H, San Jose |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 830 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 567-52-034 | Improvements Assessment | $710,868 |
| Land Assessment | $1,093,645 | Total Assessment | $1,804,513 |
Property Taxes
Parcel Number
567-52-034
Land Assessment
$1,093,645
Improvements Assessment
$710,868
Total Assessment
$1,804,513
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5653 Via Monte Dr
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