780 Deland AVE, San Jose, CA 95128
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780 Deland AVE, San Jose, CA 95128
780 Deland AVE, San Jose, CA 95128
780 Deland AVE, San Jose, CA 95128
780 Deland AVE, San Jose, CA 95128
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Alan Canas

Alan Canas

+1(415) 298-8940
Listed by Endri Hoxha • Coldwell Banker Realty, DRE#02059299
$ 2,200,000
Est. payment /mo
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Active

780 Deland AVE San Jose, CA 95128

3 Beds

3 Baths

4,307 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,307 sqft

Price per Sqft $510

MLS Listing ID ML82059224

Bedrooms 3

Full Baths 3

Year Built 1961

Lot Size 6,534 Sqft

Property Sub-Type Five or More Units

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.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning RM

Interior

Heating Wall Furnace

Cooling Other

Laundry Coin Operated

Exterior

Parking Features Carport

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Other

Building

Foundation Other

Sewer Other

Water Other

Others

Restrictions None

Tax ID 282-37-040

Security Features None

Special Listing Condition Not Applicable

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Alan Canas

Alan Canas

PRIVATE OFFICE ADVISOR & LICENSED PARTNER | Realtor® CA DRE 01793936NV DRE S.0205600

+1(415) 298-8940

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780 Deland AVE