Investment Overview

515 N San Pedro St is a stunning 12-unit apartment community located in the thriving city of San Jose, California. Situated on a 8,550 square feet parcel of land, the subject property was originally constructed in 1955 and has a gross building area of approximately 3,983 square feet. It offers its tenants beautifully designed one-bedroom and studio floor plans, as well as under-tuck parking space. San Jose is the third-largest city by population in California, tenth largest by population in the United States and the county seat of Santa Clara County. It is the largest city within the Bay Area as well as the largest city in Northern California. The large concentration of high-technology engineering, computer and microprocessor companies around San Jose has led the area to be known as Silicon Valley. As part of Silicon Valley, this location offers renters close proximity to many of the nation’s top tech employers including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and convenient proximity to a diverse range of retail shopping options. With a world-class location in the heart of the Silicon Valley, 515 N San Pedro St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.