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Multifamily

823 Hillsdale Avenue

823 Hillsdale Ave, San Jose, CA 95136

Listing Price: $1,598,000

Cap Rate
2.86%
Number of Units
4
GRM
20.28
Occupancy
97.0%
Price/Unit
$399,500
Price/Gross SF
$450.52
Gross SF
3,547

Investment Overview

Marcus & Millichap is pleased to present 623 Hillsdale Avenue, a tremendous fourplex opportunity in San Jose, California. Situated a few minutes from Downtown San Jose, Oakridge Mall, Capital Expressway Auto Mall, highways 87 and 85, 823 Hillsdale Avenue offers an investor a desirable unit-mix, a rapidly expanding South Bay rental market, and a location that will benefit new investors with consistent cash flow and asset appreciation for many years to come. Additionally, this community has a net rentable square footage of 3,547 (per county records) and accommodates an attractive unit-mix of (1) three-bedroom/two-bath and (1) one-bedroom/one-bath, and (2) two-bedrooms/one-bath units. 823 Hillsdale Avenue has schools located in the highly respected San Jose Unified School District. The property feeds into Canoas Elementary School (757 API), John Muir Middle School (787 API), and Gunderson High School (695 API).
823 Hillsdale Avenue is located within five miles from Downtown San Jose, which is currently experiencing an unprecedented amount of tech expansion. Additionally, the property is near Samaritan Medical Center, and a large concentration of major tech employers throughout South San Jose. The property is centrally located in Silicon Valley and is easily accessible from Interstate 85, 87 and highway 101. It is in a densely-populated neighborhood near major tech employers, car dealerships along Capital Expressway Auto Mall and universities, allowing for a dynamic demographic of potential tenants willing to pay top dollar for a well-located unit. The subject property offers an investor or owner/user the opportunity to own a well-located fourplex in an area that will continue to see a high demand for conveniently-located rental units.

Investment Highlights

  • Profitable Four-plex in The Thriving Canoas Neighborhood of South San Jose.
  • Located Near Major Commute Routes Such As Highway 101 and Interstates 85 and 87.
  • Five Miles From Rapidly Expanding Downtown San Jose.
  • Desirable Unit Mix of Three-Bedrooms, Two-Bedrooms and One-Bedrooms.

Exclusively Listed By

Listing Price: $1,598,000

Cap Rate
2.86%
Number of Units
4
GRM
20.28
Occupancy
97.0%
Price/Unit
$399,500
Price/Gross SF
$450.52
Gross SF
3,547

Investment Highlights

  • Profitable Four-plex in The Thriving Canoas Neighborhood of South San Jose.
  • Located Near Major Commute Routes Such As Highway 101 and Interstates 85 and 87.
  • Five Miles From Rapidly Expanding Downtown San Jose.
  • Desirable Unit Mix of Three-Bedrooms, Two-Bedrooms and One-Bedrooms.

Investment Overview

Marcus & Millichap is pleased to present 623 Hillsdale Avenue, a tremendous fourplex opportunity in San Jose, California. Situated a few minutes from Downtown San Jose, Oakridge Mall, Capital Expressway Auto Mall, highways 87 and 85, 823 Hillsdale Avenue offers an investor a desirable unit-mix, a rapidly expanding South Bay rental market, and a location that will benefit new investors with consistent cash flow and asset appreciation for many years to come. Additionally, this community has a net rentable square footage of 3,547 (per county records) and accommodates an attractive unit-mix of (1) three-bedroom/two-bath and (1) one-bedroom/one-bath, and (2) two-bedrooms/one-bath units. 823 Hillsdale Avenue has schools located in the highly respected San Jose Unified School District. The property feeds into Canoas Elementary School (757 API), John Muir Middle School (787 API), and Gunderson High School (695 API).
823 Hillsdale Avenue is located within five miles from Downtown San Jose, which is currently experiencing an unprecedented amount of tech expansion. Additionally, the property is near Samaritan Medical Center, and a large concentration of major tech employers throughout South San Jose. The property is centrally located in Silicon Valley and is easily accessible from Interstate 85, 87 and highway 101. It is in a densely-populated neighborhood near major tech employers, car dealerships along Capital Expressway Auto Mall and universities, allowing for a dynamic demographic of potential tenants willing to pay top dollar for a well-located unit. The subject property offers an investor or owner/user the opportunity to own a well-located fourplex in an area that will continue to see a high demand for conveniently-located rental units.

Exclusively Listed By

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