Commercial Property — 780 Deland Avenue, San Jose, CA

$2,100,000

780 Deland Avenue, San Jose, CA

780 Deland Avenue, San Jose, CA 95128 — $2,100,000 · Commercial Real Estate for Sale — photo 3

780 Deland Avenue, San Jose, CA 95128 — $2,100,000 · Commercial Real Estate for Sale — photo 4

780 Deland Avenue, San Jose, CA 95128 — $2,100,000 · Commercial Real Estate for Sale — photo 5

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About this property

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.