780 Deland Avenue, San Jose, CA 95128
- $2,200,000
- List Price
- $2,200,000
- Status
- ACTIVE
- Days on Market
- 22
- MLS#
- ML82059224
- Subtype
- Commercial Sale
- Year Built
- 1961
- Lot Size
- 6,534
- Acres
- 0.15
- MLS Area Major
- Not Defined (699)
Property Description
Excellent opportunity to acquire a well positioned six unit multifamily property in a desirable San Jose location. The property offers an attractive unit mix of three 2 bedroom units, two 1 bedroom units, and 1 studio. The property generates $172,284 in gross rental income and offers over a 5% cap rate based on listed income and expenses. Recent capital improvements include a new roof, new main electrical panel, upgraded electrical subpanels, and a new water heater reducing near term capital expenditures for the next owner. Additional features include covered parking spaces, individually metered gas and electricity, and on site coin laundry. A compelling opportunity for investors seeking established income, a strong unit mix, significant recent improvements, and long term appreciation potential in the heart of Silicon Valley. Offering memorandum and financial information available upon request. Please do not disturb tenants.
Additional Information
- Taxes
- $26,693
- Zoning
- RM
- Heating
- Wall Furnace
- Air Conditioning
- Yes
- Roof
- Other
- School District
- Other
Mortgage Calculator
Listing courtesy of Listing Agent: Endri Hoxha (endri.hoxha@cbrealty.com) from Listing Office: Coldwell Banker Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.