For Sale
$1,898,000

1797 Bradford WaySan Jose, CA 95124

Four-unit apartment building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional four-unit apartment building, located at 1797 Bradford Way in the desirable Cambrian area of San Jose, California (zip code 95124), presents a compelling investment opportunity. The property boasts a total of 6,969 square feet, with 3,300 square feet of net rentable space, and sits on a 0.16-acre lot. Built in 1961 and extensively renovated in 2020, the building features four spacious two-bedroom, one-bathroom units, each approximately 825 square feet. The property enjoys a 95% occupancy rate, generating a strong net operating income (NOI) of $82,214, and a 4.33% cap rate. Recent renovations include updated windows, landscaping, roofing, and a new water heater (2020). Each unit includes assigned parking, supplemented by ample street parking. The property is conveniently located near three shopping centers and offers easy access to Los Gatos and Campbell. The asking price is $1,898,000, translating to $474,500 per unit and $575.15 per square foot. The property is zoned RM. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime San Jose location.

Highlights

  • 825-square-foot units.
  • Recently updated windows, landscaping, and roof (within the last 10 years).
  • Market-rate rents.
  • On-site laundry facilities.
  • Cambrian area of South San Jose location.
  • Assigned parking plus ample street parking.

Property Details for 1797 Bradford Way

Property type
Apartment buildings
Square Feet
6,969 SF
Year Built/Renovated
1961/2020
Buildings
1
Stories
2
Lot Size (sq. ft)
6,970 SF
Units
4

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.2613685
Longitude
-121.9169075
1797 Bradford Way, San Jose, California

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1797 Bradford Way
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