Property Detail
Description
12 High-Quality, Pride-Of-Ownership Units in Alum Rock /San Jose Area. First Time on Market in 30+ Years/Generational Asset. Strong Historical Tenancy: Easy to Lease & Easy to Manage w/ Reliable Cashflow and Rental Upside. 2 APNs (6-Units Each Parcel) to Be Sold Together. 12-Units Attractively Priced at $3,180,000. $265,000/Unit. $452/SF. CAP Rate: Current: 4.93%. Market: 6.66%. GRM: Current: 11.8; Market: 9.7. Excellent Unit Mix: Twelve (12) Spacious 1 Bedroom/1 Bath Units (565 SF). 20 Uncovered Parking Spaces in Rear of Property: 10 Parking Spaces for Each Parcel. Shared Courtyard Between 2 Parcels w/ 2 Driveways to Access Parking Spaces. 8 of 12 Units Have Been Renovated w/ Updated Kitchen & Bathrooms. 1-Unit Receives Partial Housing Assistance. Easy to Manage Units with Low Tenant Turnover. Consistently Strong Rents. Steady Cashflow. Capital Improvements: Dual-Pane Windows, Sliding Doors, New Water Heaters, and More. Proven, Consistent Income-Generator, Providing Strong Cashflow with Low Vacancies and Turnovers. Excellent, Convenient, Cul-de-Sac Location Near HWY 680 & 101, Convenient Access to SJC Airport & Major Silicon Valley Employers. Major Technology Employers: NVIDIA, Adobe, Apple, Cisco, PayPal. PLEASE DO NOT DISTURB TENANTS.
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Listing provided courtesy of Don Sung of Colliers Parrish International, Inc.. Last updated 2025-09-05 08:50:05.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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