Investment Overview

Marcus & Millichap is pleased to present 508-514 South Willard Avenue, a rare 20-unit multifamily opportunity located in the heart of San Jose, CA. Offered at just $205,000 per unit, this property is by far the most attractively priced apartment community currently on the market in San Jose. Spanning two adjacent 10-unit parcels, the asset includes a mix of sixteen one-bedroom units and four two-bedroom units across 11,728 square feet of rentable space on a 0.46-acre lot. The offering represents a unique chance to acquire scale in one of Silicon Valley's most resilient rental markets at a significant discount to replacement cost. The investment benefits from an in-place cap rate of 4.57%, with rents that are nearly 35% below market. Furthermore, all units are scheduled for a 5% increase in September 2026. Strategically located in San Jose's Buena Vista neighborhood, the property offers tenants a quiet residential setting just two miles from Downtown San Jose and minutes from I-280, I-880, Santana Row, Westfield Valley Fair, Downtown Campbell, and other major economic and lifestyle hubs. 508-514 South Willard Avenue represents a rare value-add opportunity in one of the Bay Area's strongest rental corridors. With an unmatched price-per-unit, immediate cash flow supported by a strong in-place cap rate, and meaningful rental upside, this well-located 20-unit asset is an ideal acquisition for investors seeking long-term value in the heart of Silicon Valley.