2131 Marlboro Ct The Property is an 11-unit multifamily asset in the heart of San Jose, California. The property consists of well-maintained rental units with 6,972 rentable square feet, averaging approximately 634 square feet per unit. Built in 1957, this property has been substantially renovated and programmatically improved resulting in little/no deferred maintenance. The property achieves strong in-place rents of $1,863 per unit, or $2.94 per square foot, supported by robust market fundamentals and a high-demand rental environment. This presents a compelling opportunity for investors to acquire a stable, income-generating asset in a thriving market. Additional value-add upside can be achieved through programmatic renovations in all 10 units. The units are currently lightly upgraded and have been wellmaintained but rents can continue to be increased with additional unit improvements.
Property Details
Price:
$3,225,000
MLS #:
ML82002455
Status:
Active
Baths:
0
Address:
2131 Marlboro Court
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Apr 14, 2025
State:
CA
ZIP:
95128
Year Built:
1957
Schools
Interior
Cooling
Central Air
Heating
Central
Exterior
Parking Spots
4.00
Roof
Flat
Financial
Taxes
$44,000
Map
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2131 Marlboro Court
San Jose, CA
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