445 N 1st Street, San Jose, CA 95112
Commercial property
Sold September 2025
Listing Agent: Mitchell Zurich (DRE #01870648) · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Mitchell Zurich · Marcus & Millichap · MLS #ML82014596 · Source: CRMLS
About this commercial property
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.
Listing description from the September 2025 sale, as reported to CRMLS.
Sale history