Multifamily

DeLaVe Villa Apartments

635 S 11th St, San Jose, CA 95112

Listing Price: $6,398,000

Cap Rate
5.01%
Number of Units
20
Price/Unit
$319,900
Price/Gross SF
$418.01
Gross SF
15,306

Investment Overview

DeLaVe Villa Apartments is a stunning, recently renovated, 20-unit apartment community located at 635 S 11th Street in San Jose, CA. The property is a legal twenty-unit apartment complex located just two blocks from San Jose State University and has excellent access to public transportation, employment, and shopping. The unit mix contains of seven (7) 1Br/1Ba, and thirteen (13) 2BR/1B units. Of the 20 units, 19 have been fully renovated with new kitchens, bathrooms, flooring and paint. Renovations include kitchens with new granite countertops, cabinets, appliances, lighting and flooring. The new flooring consists of carpet in the bedrooms and manufactured wood in the living area. Finally, the bathrooms have been completely upgraded. Situated on one parcel totaling 0.30 acres of land, the subject property was originally constructed in 1963 the building has a gross livable area of approximately 15,306 total square feet, offering its tenants quality one- Bedroom and two-bedroom floorplans to call home. Residents at DeLaVe Villa Apartments enjoy multiple convenient community amenities including on-site coin operated laundry facilities, security cameras for tenant safety, well-lit tuck under parking, and ample on street parking. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. The property is a turn-key asset in a world class location in the heart of Silicon Valley ready for prospective buyers.

Investment Highlights

  • Walking Distance to San Jose State
  • Renovations Include Kitchens with New Granite Countertops, Cabinets, Appliances, Lighting and Flooring.
  • Close Proximity to Major High-Tech Employers Including Intel, Google, Cisco, Adobe, AMD, Zoom, Ebay and More...
  • 2 Miles from the New Proposed Google Village Site & Diridon Station

Exclusively Listed By

Multifamily

DeLaVe Villa Apartments

Listing Price: $6,398,000

Cap Rate
5.01%
Number of Units
20
Price/Unit
$319,900
Price/Gross SF
$418.01
Gross SF
15,306

Investment Highlights

  • Walking Distance to San Jose State
  • Renovations Include Kitchens with New Granite Countertops, Cabinets, Appliances, Lighting and Flooring.
  • Close Proximity to Major High-Tech Employers Including Intel, Google, Cisco, Adobe, AMD, Zoom, Ebay and More...
  • 2 Miles from the New Proposed Google Village Site & Diridon Station

Investment Overview

DeLaVe Villa Apartments is a stunning, recently renovated, 20-unit apartment community located at 635 S 11th Street in San Jose, CA. The property is a legal twenty-unit apartment complex located just two blocks from San Jose State University and has excellent access to public transportation, employment, and shopping. The unit mix contains of seven (7) 1Br/1Ba, and thirteen (13) 2BR/1B units. Of the 20 units, 19 have been fully renovated with new kitchens, bathrooms, flooring and paint. Renovations include kitchens with new granite countertops, cabinets, appliances, lighting and flooring. The new flooring consists of carpet in the bedrooms and manufactured wood in the living area. Finally, the bathrooms have been completely upgraded. Situated on one parcel totaling 0.30 acres of land, the subject property was originally constructed in 1963 the building has a gross livable area of approximately 15,306 total square feet, offering its tenants quality one- Bedroom and two-bedroom floorplans to call home. Residents at DeLaVe Villa Apartments enjoy multiple convenient community amenities including on-site coin operated laundry facilities, security cameras for tenant safety, well-lit tuck under parking, and ample on street parking. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. The property is a turn-key asset in a world class location in the heart of Silicon Valley ready for prospective buyers.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower