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907 Delbert WaySan Jose, CA 95126

8-Unit Apartment Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents an eight-unit apartment building situated on a 0.19-acre lot in San Jose, California. The property, built in 1958, features a total of 5,811 square feet of net rentable space, currently boasting an 88.9% occupancy rate. The building comprises two stories and includes eight one-bedroom, one-bathroom units. Eight parking spaces are available for tenants, including six covered spaces. The property enjoys a prime corner location in the desirable Meridian-Pedro neighborhood, offering convenient access to major freeways including I-280, I-880, and CA-87. The current Net Operating Income (NOI) stands at $60,277, with a pro-forma NOI projected at $140,105, indicating significant upside potential. The property is zoned for multi-family use (MULTI-FAMILY RES) and is offered fee simple. Its strategic location provides easy access to amenities such as the San Jose Swim and Racquet Club and a 24-Hour Fitness center. This is a rare chance to acquire a well-located, income-producing multifamily asset in a thriving California market. The property's address is 907 Delbert Way, San Jose, CA 95126, and its APN is 264-03-016.

Highlights

  • 8-unit apartment building in San Jose, CA.
  • 5,811 square feet, 88.9% occupancy, $60,277 NOI, $140,105 pro-forma NOI.
  • Prime corner location in the Meridian-Pedro neighborhood.
  • Ample parking: 8 spaces (6 covered, 2 uncovered).
  • Convenient access to I-280, I-880, and CA-87.

Property Details for 907 Delbert Way

Property type
Apartment buildings
Square Feet
5,811 SF
Class
C
Year Built
1958
Buildings
1
Stories
2
Lot Size (sq. ft)
8,276 SF
Units
8

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.3128951
Longitude
-121.90907358
907 Delbert Way, San Jose, California

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907 Delbert Way
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