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590 Macarthur Ave 4 Unit Apartment Building $1,899,000 ($474,750/Unit) 3.56% Cap Rate San Jose, CA 95128
Investment Highlights
- 4-unit multifamily property
Executive Summary
The property consists of a fully leased four-unit multifamily building located in San Jose, featuring four 1-bedroom, 1-bath units totaling approximately 2,804 square feet. Built in 1951 on a 9,040 SF lot, the property includes a five-car carport and tenant storage. The asset provides in-place rental income with all units occupied and separately metered utilities, situated near major thoroughfares and key demand drivers including Valley Medical Center, Santana Row, and San Jose City College.
Property Facts
| Price | $1,899,000 | Apartment Style | Low-Rise |
| Price Per Unit | $474,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 3.56% | Building Size | 2,804 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1951 |
| Property Subtype | Apartment | Parking Ratio | 1.78/1,000 SF |
| Zoning | R3 - Multi family | ||
| Price | $1,899,000 |
| Price Per Unit | $474,750 |
| Sale Type | Investment |
| Cap Rate | 3.56% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 2,804 SF |
| No. Stories | 2 |
| Year Built | 1951 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | R3 - Multi family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 701 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Property Taxes
| Parcel Number | 282-01-027 | Improvements Assessment | $390,429 |
| Land Assessment | $1,338,620 | Total Assessment | $1,729,049 |
Property Taxes
Parcel Number
282-01-027
Land Assessment
$1,338,620
Improvements Assessment
$390,429
Total Assessment
$1,729,049
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Presented by
Wyatt & Associates
590 Macarthur Ave
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