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367 & 375 Delmas Ave 2 Multifamily Properties Offered at $3,800,000 in San Jose, CA
INVESTMENT HIGHLIGHTS
- 100% leased with quality tenants.
- Walk to Downtown San Jose, Caltrain, VTA bus.
- Greater income flexibility and long-term upside for investors.
- Acquire 8 quality units at a fraction of single-family home prices and below replacement cost.
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present the opportunity to acquire 367 and 375 Delmas Avenue, San Jose, California, comprising two 100% leased 4-unit multi-family properties totaling approximately 4,400 square feet on 9,572 square feet of land. The upgraded one bed/one bath units are approximately 550 square feet and are attractive to professionals due to their prime location. The properties are located just blocks from downtown San Jose and the abundant shops, restaurants, sports facilities and museums. They are easily accessible to/from CalTrain (Diridon Station), Highways 280 and 87. They are situated between a new residential development and a planned development, which could provide a developer with a covered land play or an investor with long-term stable income.
PROPERTY FACTS
| Price | $3,800,000 | Number of Properties | 2 |
| Price / SF | $446.48 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,511 SF |
| Status | Active | Total Land Area | 0.22 AC |
| Price | $3,800,000 |
| Price / SF | $446.48 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,511 SF |
| Total Land Area | 0.22 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 375 Delmas Ave, San Jose, CA 95126 | Multifamily | 5,067 SF | 1952 | - |
| 367 Delmas Ave, San Jose, CA 95126 | Multifamily | 3,444 SF | 1961 | - |
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367 & 375 Delmas Ave
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