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Multifamily

2785 Almaden Rd

2785 Almaden Rd, San Jose, CA 95125

Listing Price: $2,450,000

Cap Rate
5.50%

Investment Overview

2785 Almaden Rd is an exceptional 5-unit apartment complex located in the thriving city of San Jose, California. Situated on a parcel of land totaling 9,900 square feet, the subject property was originally constructed in 1957, offering tenants and residents beautifully designed two-bedroom and three-bedroom floor plans. The owner recently completed the construction of three brand new units, two of which have their own yard, and made significant renovations to the original duplex. Select units include granite countertops, stainless steel appliances, updated cabinetry, hardwood flooring and updated bathrooms. The two separated units also include solar panels offering the owner an additional income steam at no extra cost. 2785 Almaden Rd sits in southern San Jose near a dense pocket of retail including the Almaden Plaza Shopping Center, Almaden Ranch Marketplace, and the Westfield Oakridge Mall. Top retailers in the area include Costco, Target, Bass Pro Shop, Trader Joe's, Barnes & Noble, & many others offering a myriad of ne dining, shopping, and entertainment options. The subject property is also just south of the San Jose International Airport offering quick access to one of the busiest airports in California. Additionally, the subject property sits near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. As part of Silicon Valley, this location also offers renters quick access to many of the nation’s top tech employers including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn and many others. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the Silicon Valley, 2785 Almaden Rd presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • Exceptional Turn-Key Investment Opportunity - Investors have the opportunity to acquire an exceptional turn-key investment in one of the most dynamic and desirable locations in the South Bay
  • The current owner recently completed the construction of three brand new units, two of which offer separately metered water and solar powered electricity offering an additional stream of income
  • Completely Modern Units - Select units include granite countertops, stainless steel appliances, updated cabinetry, hardwood flooring and updated bathrooms
  • Prime San Jose Location - The subject property sits in southern San Jose near a dense pocket of retail including the Almaden Plaza Shopping Center, Almaden Ranch Marketplace, and the Westfield Oakridge Mall
  • Quick Access Around the Bay Area - 2785 Almaden Rd offers tenants and residents convenient access to I-280 and other major transportation routes providing easy access to prestigious educational institutions, major employers, and the various lifestyle amenities offered in the Bay Area

Exclusively Listed By

Multifamily

2785 Almaden Rd

Investment Highlights

  • Exceptional Turn-Key Investment Opportunity - Investors have the opportunity to acquire an exceptional turn-key investment in one of the most dynamic and desirable locations in the South Bay
  • The current owner recently completed the construction of three brand new units, two of which offer separately metered water and solar powered electricity offering an additional stream of income
  • Completely Modern Units - Select units include granite countertops, stainless steel appliances, updated cabinetry, hardwood flooring and updated bathrooms
  • Prime San Jose Location - The subject property sits in southern San Jose near a dense pocket of retail including the Almaden Plaza Shopping Center, Almaden Ranch Marketplace, and the Westfield Oakridge Mall
  • Quick Access Around the Bay Area - 2785 Almaden Rd offers tenants and residents convenient access to I-280 and other major transportation routes providing easy access to prestigious educational institutions, major employers, and the various lifestyle amenities offered in the Bay Area

Investment Overview

2785 Almaden Rd is an exceptional 5-unit apartment complex located in the thriving city of San Jose, California. Situated on a parcel of land totaling 9,900 square feet, the subject property was originally constructed in 1957, offering tenants and residents beautifully designed two-bedroom and three-bedroom floor plans. The owner recently completed the construction of three brand new units, two of which have their own yard, and made significant renovations to the original duplex. Select units include granite countertops, stainless steel appliances, updated cabinetry, hardwood flooring and updated bathrooms. The two separated units also include solar panels offering the owner an additional income steam at no extra cost. 2785 Almaden Rd sits in southern San Jose near a dense pocket of retail including the Almaden Plaza Shopping Center, Almaden Ranch Marketplace, and the Westfield Oakridge Mall. Top retailers in the area include Costco, Target, Bass Pro Shop, Trader Joe's, Barnes & Noble, & many others offering a myriad of ne dining, shopping, and entertainment options. The subject property is also just south of the San Jose International Airport offering quick access to one of the busiest airports in California. Additionally, the subject property sits near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. As part of Silicon Valley, this location also offers renters quick access to many of the nation’s top tech employers including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn and many others. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the Silicon Valley, 2785 Almaden Rd presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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