For Sale
$1,825,000

832 Deland AveSan Jose, CA 95128

Prime San Jose Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a six-unit apartment building situated in San Jose, California, at 832 Deland Ave, zip code 95128. The property, built in 1960, boasts a total net rentable area of 3,510 square feet, spread across two stories on a 0.16-acre lot. Currently operating at 90% occupancy, the building generates a substantial net operating income (NOI) of $67,343, yielding a 3.69% cap rate. Each of the six one-bedroom, one-bathroom units averages over 500 square feet, featuring kitchens and living rooms. Recent improvements include a complete remodel of unit 3, featuring new appliances, flooring, and fixtures

Highlights

  • Over 500 sq ft average unit size per county records.
  • Each unit features a kitchen and living room.
  • Unit 3 boasts a recent renovation including new appliances, flooring, and fixtures.
  • On-site laundry provides supplemental income.
  • Stairwells, handrails, and walkways were replaced in 2020.
  • One assigned parking space per unit.

Property Details for 832 Deland Ave

Property type
Apartment buildings
Class
C
Year Built
1960
Buildings
1
Stories
2
Lot Size (sq. ft)
6,970 SF
Units
6

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.3116189
Longitude
-121.91727
832 Deland Ave, San Jose, California

FAQs

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832 Deland Ave
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