For Sale
$1,898,000

1793 Bradford WaySan Jose, CA 95124

Four-unit apartment building, strong NOI, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional four-unit apartment building presents a compelling investment opportunity in the desirable Cambrian area of San Jose, California. Located at 1793 Bradford Way, this property boasts a strong net operating income (NOI) of $83,795, reflecting a 4.41% cap rate. The building, constructed in 1961 and renovated in 2015, comprises 6,969 square feet on a 0.16-acre lot, with a net rentable area of 3,300 square feet. Each of the four units offers approximately 825 square feet of living space, featuring two bedrooms and one bathroom. The property benefits from a 95% occupancy rate, with strong rents averaging nearly $2,622 per unit per month. Recent improvements include updated windows, landscaping, and roofing. Residents enjoy on-site laundry facilities and assigned parking, supplemented by ample street parking. The convenient location offers easy access to three nearby shopping centers, and a short drive to Los Gatos and Campbell. The property is zoned RM and features a total of four parking spaces (one per unit). The asking price is $1,898,000, representing a price per unit of $474,500 and a price per square foot of $575.15. This well-maintained property offers a stable income stream and significant potential for future appreciation in a thriving San Jose market. The APN is 419-04-029. This is a two-story building.

Highlights

  • $1,898,000 asking price for this four-unit apartment building in San Jose, CA.
  • 95% occupancy with a $83,795 Net Operating Income (NOI) and a 4.41% cap rate.
  • Each unit is approximately 825 square feet, with two bedrooms and one bathroom.
  • Recent renovations include updated windows, landscaping, and roof.
  • Property features on-site laundry and assigned parking, plus ample street parking.
  • Convenient location in San Jose's Cambrian area, near shopping centers and a short drive to Los Gatos and Campbell.

Property Details for 1793 Bradford Way

Property type
Apartment buildings
Square Feet
6,969 SF
Year Built/Renovated
1961/2015
Buildings
1
Stories
2
Lot Size (sq. ft)
6,970 SF
Units
4

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.2615508
Longitude
-121.9164928
1793 Bradford Way, San Jose, California

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1793 Bradford Way
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