Investment Overview

1451 N 1st St is a centrally located 5-unit multifamily investment opportunity in the prosperous city of San Jose, California. Situated on a parcel of land totaling 5,522 square feet, the subject property was originally constructed in 1953 and features a gross building area of approximately 3,175 square feet, offering tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. The unit interiors have been updated with dual pane windows, upgraded electrical panels and individual water heaters. Select units feature vinyl plank flooring, granite countertops and stainless steel appliances. Additionally, tenants enjoy convenient community amenities such as private covered carport parking and an on-site laundry facility. 1451 N 1st St sits near Downtown San Jose and the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the Silicon Valley, 1451 N 1st St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.