1797 Bradford WaySan Jose, CA 95124

Property Details for 1797 Bradford Way

Year built

1961

Lot size

0.16 AC

Property size (Sq ft)

6,969 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.2614

Longitude

-121.917

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