Investment Overview

1022 Vermont Street is a charming, five-unit townhome-style apartment community ideally situated on the border of San Jose and Santa Clara. Built in 1965, the property spans 3,910 rentable square feet on a generous 7,500 square foot lot. Each of the five spacious one-bedroom, one-bathroom units is designed in a two-story townhome layout, offering tenants privacy and comfort. Every unit features its own private backyard patio, enhancing livability and tenant retention. The property also includes a dedicated laundry room and reserved covered parking under a detached carport. The exterior is thoughtfully landscaped, contributing to strong curb appeal and a welcoming residential atmosphere. San Jose, with a 2025 population of approximately 1,013,000, has experienced strong growth driven by its role as the economic and cultural center of Silicon Valley. The city is home to global technology leaders such as Adobe, Cisco, eBay, and PayPal, along with nearby giants like Apple, Google, and Meta. In addition, San Jose continues to attract a diverse mix of high-growth startups across AI, clean tech, and advanced manufacturing. Pro-growth city policies and ongoing infrastructure investment, including transit connectivity and urban redevelopment, have enhanced the long-term value of well-located multifamily assets throughout the market. Strategically located in the Vermont-McKendrie neighborhood, the property benefits from proximity to major employers such as NVIDIA, Cisco, and Western Digital, as well as educational institutions like Santa Clara University and San Jose State University, which bolster the local rental demand. The area is served by the San Jose Unified School District and is near the Santa Clara Unified School District, both of which are highly regarded. Public transportation is easily accessible, with nearby hubs including San Jose Diridon Station, Caltrain, and VTA Light Rail, offering seamless connectivity throughout the Bay Area. This prime location, combined with the property's strong physical condition and desirable unit mix, makes 1022 Vermont Street a compelling investment opportunity in one of Silicon Valley’s most dynamic rental markets.