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$1,649,999

Pending

1264 Whitton Avenue

San Jose CA 95116

3,084

SF

Commercial

Type

1962

Built

$535/SF

Cost/SF

49 days on marketNalren refreshed

Listing Agent

Patrick Carvalho

Listing Agent

DRE #: 02136374

(279) 238-5270

Brokerage: Fathom Realty Group

Location Analysis

MapProperty Location

About This Property

Welcome to 1264 Whitton Ave, San Jose, CA a 7-unit multifamily investment opportunity with a current NOI of $111,445 and a 6.76% in-place cap rate, representing an approximate $1.65M valuation and $235,400 per unit based on the current cap rate. The property offers an established income stream, a diverse unit mix, and potential for future income growth. The property consists of seven residential units, including three 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one studio, providing a diversified mix designed to appeal to a broad range of tenants. Current annual rental income is approximately $134,076. Current rents are below market, providing an opportunity for an investor to evaluate future rent growth and potential NOI enhancement over time, subject to applicable California and local rent-control requirements, tenant protections, existing leases, and market conditions. With $111,445 in current NOI, a 6.76% cap rate, approximately $235,400 per unit, seven units, and below-market rents, 1264 Whitton Ave offers investors an opportunity to acquire an established San Jose multifamily asset with current cash flow and potential for increased income over time.

Property Information

Property Overview

Commercial

Property Type

Pending

Status

LI

Zoning

0.123 acres

Lot Size

3,084 SF

Square Footage

$535.02/SF

Price per SF

$6,525

Annual Tax

1,962

Year Built

3

Parking Total

0.97

Parking Ratio

Property Highlights

N/A Property

Prime Location with High Visibility

Location Analysis

Map

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