This two-story, six-unit apartment building in San Jose, CA offers a compelling investment opportunity. Located at 420 S 7th St, this 4,122 square foot property sits on a 0.14-acre lot and boasts 100% occupancy. The building, constructed in 1959, features a mix of five two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Each unit includes designated carport parking, and a shared laundry room is available for tenant convenience. The property's current Net Operating Income (NOI) is $102,323, with a projected NOI of $124,998, resulting in a current cap rate of 4.66% and a pro-forma cap rate of 5.69%. The asking price is $2,195,000, translating to a price per unit of $365,833.33 and a price per square foot of $532.51. The property is zoned RM and benefits from its proximity to San Jose State University, major employers (including Cisco, PayPal, and Adobe), and easy access to Highways 280, 101, and 680. This location ensures high rental demand and low vacancy rates, making it an attractive investment in a thriving market. The property's APN is 467-48-069. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a high-growth area of San Jose.
Highlights
Six-unit apartment building in San Jose, CA, offering strong investment potential.
Located at 420 S 7th St, on a 0.14-acre lot, totaling 4,122 square feet.
100% occupancy with five 2bd/1ba units and one 1bd/1ba unit; each with carport parking and shared laundry.
Current NOI $102,323, projected NOI $124,998; current cap rate 4.66%, pro-forma cap rate 5.69%.
Asking price $2,195,000; $365,833.33 per unit; $532.51 per square foot.
Excellent location near San Jose State University, major employers, and freeways (280, 101, 680), ensuring high demand and low vacancy. APN: 467-48-069.
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Contacts
Tony Zizzo
Ray Rodriguez
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420 7Th St, San Jose, California, 95112
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420 7Th St
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