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Multifamily

Veridian on 4th

402 S 4th St, San Jose, CA 95112

Listing Price: $6,200,000

Cap Rate
5.10%
Number of Units
19
GRM
9.19
Occupancy
97.0%
Price/Unit
$326,316
Price/Gross SF
$552.19
Gross SF
11,228

Investment Overview

Marcus & Millichap is pleased to present Veridian on 4th, a well-located 19-unit apartment community in the highly desirable San Jose market. Positioned in the heart of the city’s urban core, the property benefits from close proximity to San José State University, offering a strong and consistent tenant base driven by student, faculty, and young professional demand.

The property consists of eighteen (18) two-bedroom, one-bathroom units and one (1) studio unit, providing an attractive and well-balanced unit mix. Select units (414-2, 420-2, and 420-5) feature in-unit washer and dryer, enhancing tenant convenience and rental appeal. The property also includes twenty-one uncovered parking spaces, a valuable amenity in this dense, urban location.

Ideally located near Downtown San Jose and San Pedro Square, tenants enjoy walkable access to a wide array of dining, nightlife, and entertainment options. The property is also within close proximity to San Jose Diridon Station, providing connectivity to major transit lines including Caltrain, ACE, and future BART expansion.

Surrounded by Silicon Valley’s major tech employers, Veridian on 4th is well-positioned to attract renters seeking proximity to employment centers and urban conveniences. The combination of a prime location, strong demand drivers, and desirable unit features positions this asset as an attractive long-term investment opportunity.

Investment Highlights

  • Unmatched Location ±100 feet from San José State University
  • Ample Parking – Twenty-one (21) uncovered parking spaces
  • Prime Urban Setting located in the heart of San Jose's downtown core
  • Walkable Lifestyle within 0.5 miles of Downtown San Jose & San Pedro Square
  • Transit-Oriented: ~2 miles to Diridon Station (Caltrain, ACE, future BART)
  • Strong Demand Drivers Supported by SJSU and Silicon Valley employment
  • In-Unit W&D - featured in units 414-2, 420-2, and 420-5

Exclusively Listed By

Multifamily

Veridian on 4th

Listing Price: $6,200,000

Cap Rate
5.10%
Number of Units
19
GRM
9.19
Occupancy
97.0%
Price/Unit
$326,316
Price/Gross SF
$552.19
Gross SF
11,228

Investment Highlights

  • Unmatched Location ±100 feet from San José State University
  • Ample Parking – Twenty-one (21) uncovered parking spaces
  • Prime Urban Setting located in the heart of San Jose's downtown core
  • Walkable Lifestyle within 0.5 miles of Downtown San Jose & San Pedro Square
  • Transit-Oriented: ~2 miles to Diridon Station (Caltrain, ACE, future BART)
  • Strong Demand Drivers Supported by SJSU and Silicon Valley employment
  • In-Unit W&D - featured in units 414-2, 420-2, and 420-5

Investment Overview

Marcus & Millichap is pleased to present Veridian on 4th, a well-located 19-unit apartment community in the highly desirable San Jose market. Positioned in the heart of the city’s urban core, the property benefits from close proximity to San José State University, offering a strong and consistent tenant base driven by student, faculty, and young professional demand. The property consists of eighteen (18) two-bedroom, one-bathroom units and one (1) studio unit, providing an attractive and well-balanced unit mix. Select units (414-2, 420-2, and 420-5) feature in-unit washer and dryer, enhancing tenant convenience and rental appeal. The property also includes twenty-one uncovered parking spaces, a valuable amenity in this dense, urban location. Ideally located near Downtown San Jose and San Pedro Square, tenants enjoy walkable access to a wide array of dining, nightlife, and entertainment options. The property is also within close proximity to San Jose Diridon Station, providing connectivity to major transit lines including Caltrain, ACE, and future BART expansion. Surrounded by Silicon Valley’s major tech employers, Veridian on 4th is well-positioned to attract renters seeking proximity to employment centers and urban conveniences. The combination of a prime location, strong demand drivers, and desirable unit features positions this asset as an attractive long-term investment opportunity.

Exclusively Listed By

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