Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley, the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request.
Property Details
Price:
$2,090,000
MLS #:
ML82014596
Status:
Active
Baths:
0
Address:
445 N 1st Street
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Jul 14, 2025
State:
CA
ZIP:
95112
Year Built:
1924
Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
0.00
Roof
Flat
Financial
Taxes
$28,068
Map
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 445 N 1st Street
San Jose, CA
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