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Multifamily

3061 David Ave

3061 David Ave, San Jose, CA 95128

Listing Price: $1,928,000

Cap Rate
5.16%
Number of Units
6
GRM
13.17
Occupancy
100.0%
Price/Unit
$321,333

Investment Overview

Marcus & Millichap is pleased to present 3061 David Avenue, a 6-unit multifamily property located in San Jose, California. Originally constructed in 1958, the asset sits on an approximately 6,600 square foot parcel and features a 2,910 square foot building. The property is comprised entirely of one-bedroom/one-bath units, offering a consistent and efficient unit mix that caters well to individual renters and couples seeking quality housing in a desirable Silicon Valley location. The building’s straightforward layout and manageable scale provide for ease of operation while maintaining a strong history of occupancy.

Investment Highlights

  • 1. Prime West San Jose Location
  • 2. Ideally Positioned Between Downtown Campbell and Santana Row
  • 4. Average In-Place Rents of Approximately $2,033 Per Unit

Exclusively Listed By

Multifamily

3061 David Ave

Listing Price: $1,928,000

Cap Rate
5.16%
Number of Units
6
GRM
13.17
Occupancy
100.0%
Price/Unit
$321,333

Investment Highlights

  • 1. Prime West San Jose Location
  • 2. Ideally Positioned Between Downtown Campbell and Santana Row
  • 4. Average In-Place Rents of Approximately $2,033 Per Unit

Investment Overview

Marcus & Millichap is pleased to present 3061 David Avenue, a 6-unit multifamily property located in San Jose, California. Originally constructed in 1958, the asset sits on an approximately 6,600 square foot parcel and features a 2,910 square foot building. The property is comprised entirely of one-bedroom/one-bath units, offering a consistent and efficient unit mix that caters well to individual renters and couples seeking quality housing in a desirable Silicon Valley location. The building’s straightforward layout and manageable scale provide for ease of operation while maintaining a strong history of occupancy.

Exclusively Listed By

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