1005 Ravenscourt AveSan Jose, CA 95128

Exceptional investment opportunity awaits with this 8-unit apartment building situated on a substantial 14,000 square foot lot in desirable Campbell, CA. This Class C property, built in 1962, boasts 6,656 square feet of living space spread across two, two-story buildings. Each of the eight spacious two-bedroom, one-bathroom units features air conditioning and either a private balcony or access to a large backyard. Further enhancing tenant appeal are dual-pane windows, carports, and on-site laundry facilities. The property's prime location offers convenient access to Highway 17, placing tenants within easy reach of major tech companies and popular destinations like Santana Row, downtown Campbell, and the Pruneyard, all within a 10-minute radius. The current NOI stands at $149,599, with a pro-forma NOI projected at $172,914, reflecting a 4.99% cap rate and a pro-forma cap rate of 5.77%. The asking price is $2,995,000, translating to $449.97 per square foot and $374,375 per unit. The land value alone is assessed at $214 per square foot. This property presents a compelling combination of immediate return and long-term growth potential within the robust Silicon Valley rental market. APN: 282-16-039.