For Sale
$1,850,000

1795 Bradford WaySan Jose, CA 95124

Fourplex, High Occupancy, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional four-unit apartment building, located at 1795 Bradford Way in San Jose, CA 95124, presents a compelling investment opportunity. Built in 1961, this two-story building boasts 3,328 square feet of net rentable space situated on a 0.16-acre lot. The property features four spacious two-bedroom, one-bathroom units, each with a designated carport and access to on-site laundry facilities. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $75,724, representing a 4.09% cap rate. Pro forma NOI is projected at $91,205, yielding a 4.93% cap rate. The asking price is $1,850,000, or $462,500 per unit. The property benefits from a desirable location in the Cambrian Park area of West San Jose, close to major highways (85, 17, and 280), and within easy commuting distance of prominent tech companies and employment centers. Recent exterior updates, including fresh paint and landscaping, enhance curb appeal. The property is zoned RM and has a Santa Clara County APN of 419-04-030. This well-maintained building offers investors a strong combination of consistent rental income and significant long-term appreciation potential in a highly sought-after location. The property's proximity to Downtown Campbell and Los Gatos provides tenants with access to upscale amenities and dining options.

Highlights

  • Four-unit apartment building in desirable West San Jose location.
  • 3,328 square feet on a 0.16-acre lot, built in 1961.
  • Four spacious 2 bed/1 bath units, each with carport and on-site laundry.
  • 100% occupancy, generating $75,724 NOI (4.09% cap rate); projected $91,205 NOI (4.93% cap rate).
  • Asking price: $1,850,000 ($462,500 per unit).

Property Details for 1795 Bradford Way

Property type
Apartment buildings
Square Feet
3,328 SF
Year Built
1961
Buildings
1
Stories
2
Lot Size (sq. ft)
6,970 SF
Units
4

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.2614781
Longitude
-121.9166666
1795 Bradford Way, San Jose, California

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1795 Bradford Way
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