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804 S Almaden Ave 12 Unit Apartment Building $2,850,000 ($237,500/Unit) 5.50% Cap Rate San Jose, CA 95110
Investment Highlights
- Strong In-Place Cash Flow
- Proximity To Transit and Downtown San Jose
- Value-Add Potential
Executive Summary
804 S Almaden Ave (the Property) is a 12-unit multifamily asset built in 1925, situated on a 0.20-acre lot in San Jose’s Washington-Guadalupe neighborhood. The Property comprises 5,680 rentable square feet, featuring ten (10) studio units and two (2) one-bedroom/one-bathroom floorplans.
The Property offers investors a compelling cash-flowing investment with value add upside in one of Downtown San Jose’s most accessible locations. Situated in the heart of Silicon Valley’s largest city, 804 S Almaden Ave benefits from proximity to major transit corridors, Downtown San Jose’s employment center, and the region’s strong rent growth and vacancy trends.
The Property offers investors a compelling cash-flowing investment with value add upside in one of Downtown San Jose’s most accessible locations. Situated in the heart of Silicon Valley’s largest city, 804 S Almaden Ave benefits from proximity to major transit corridors, Downtown San Jose’s employment center, and the region’s strong rent growth and vacancy trends.
Property Facts
| Price | $2,850,000 | Building Class | C |
| Price Per Unit | $237,500 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 5,680 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 2.11/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C2, San Jose | ||
| Price | $2,850,000 |
| Price Per Unit | $237,500 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 5,680 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 2.11/1,000 SF |
| Zoning | C2, San Jose |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 460 |
| 1+1 | 2 | - | 560 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 264-36-149 | Improvements Assessment | $1,229,920 |
| Land Assessment | $683,285 | Total Assessment | $1,913,205 |
Property Taxes
Parcel Number
264-36-149
Land Assessment
$683,285
Improvements Assessment
$1,229,920
Total Assessment
$1,913,205
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804 S Almaden Ave
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