859 Villa Ave - 859-879 Villa Ave 8 Unit Apartment Building Offered at $3,895,000 at a 5.40% Cap Rate San Jose, CA 95126

859–879 Villa Avenue presents a truly compelling multifamily investment opportunity in the heart of San Jose’s highly coveted Rose Garden neighborhood, a submarket long regarded for its stability, tenant demand, and long-term appreciation. Opportunities of this caliber in West San Jose are increasingly scarce, making this an attractive acquisition for local investors seeking a blend of immediate income and future upside.
Positioned in a quiet, residential setting, the property enjoys a premier central location with close proximity to Downtown San Jose and the region’s major employment and entertainment hubs. The Rose Garden area is known for its mature tree-lined streets and strong renter appeal, while nearby landmarks such as the SAP Center, PayPal Park, and an extensive mix of retail and dining options further enhance desirability. Commuters benefit from easy access to Highways 880, 87, and 280, along with Caltrain, VTA Light Rail, and Mineta San Jose International Airport, making this a highly convenient location for today’s workforce.
The property consists of eight separately addressed residential units on a single parcel, a configuration that qualifies the asset for exemption from San Jose’s rent control ordinance. The improvements include six detached single-family residences, each offering two bedrooms and one bathroom, in-unit washer and dryer, fireplaces, small basements, and refinished oak hardwood floors with fresh interior paint completed between tenancies. Two additional larger units are located at the rear of the property in a two-story stacked configuration. All units are individually metered for both PG&E and water, providing operational efficiency and reduced ownership expenses.
Situated on a sizable lot, the property offers multiple paths for value creation. Investors can pursue rental optimization, explore the addition of accessory dwelling units, or consider a more comprehensive redevelopment strategy over time. Notably, the adjacent single-family property may also be purchased as part of a combined transaction, unlocking even greater redevelopment potential, increased density, and long-term appreciation.
This is a rare opportunity to acquire a well-located, San Jose Rent Control exempt, multifamily asset with meaningful upside in one of San Jose’s most desirable neighborhoods. Please inquire for additional details, pricing guidance, and information regarding the adjacent parcel.