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Multifamily

604 Eden Ave

604 Eden Ave, San Jose, CA 95117

Listing Price: $1,995,000

Cap Rate
1.80%
Number of Units
4
Occupancy
95.0%
Price/Unit
$498,750
Price/Gross SF
$636.16
Gross SF
3,136

Investment Overview

Marcus & Millichap is pleased to present 604 Eden Ave. San Jose, California, a 1958 construction investment that sits on 0.18 acres. Make your first time home ownership dream viable by taking advantage of multi year low owner occupied mortgage rates and help from long term tenants to pay a big part of your mortgage. The investment offers four apartment homes, all 2br-1ba units with a total of four garage spaces, fully furnished flooring, and décor. Kitchens feature electric ranges that vary from glass cooktops to traditional 4-element cooktops. Other variations include, but are not limited to, kitchen countertops, appliances, bedroom closet doors (mirrored/solid), bathroom cabinetry style, and paint colors. The building is a 15-minute drive to the San Jose International Airport, near schools from preparatory to high-school, 10-15 minutes drive to the nearest hospitals and shopping Centers. The building is placed in Lynhaven, a small neighborhood about five miles west of Downtown San Jose. This Silicon Valley neighborhood is an excellent option for commuters with several tech companies, including Apple, just six miles away. Interstate 280, Highway 17, and the San Thomas Expressway allow residents the leisure to travel to similar Bay Area cities, including San Francisco, Oakland, and Fremont. Residents are also near many restaurants and shopping centers, including Santana Row and Westfield Valley Fair, two popular high-end malls.   Santara Row offers an experience and a destination where you will indulge your senses in a world-class mix of brands, cutting-edge boutiques, culinary craft, and entertainment. The recent expansion of Santana Row includes the Plaza, a 319,000 square-foot building designed with office, residential and commercial space. Ownership of Santana Row recently completed plans for Santana Row West, a project featuring additional office space a stone’s throw from the retail hub’s main strip. Lynhaven is also near San Jose City College and the Santa Clara Valley Medical Center. Like many neighborhoods in the Valley, rentals in Lynhaven are typically more expensive and have quality opportunities. 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 heart of Silicon Valley, 604 Eden Ave presents an attractive choice for investors due to its close proximity to major employers transportation corridors shopping dining and entertainment options.

Investment Highlights

  • An investor has the opportunity to purchase this investment and utilize the immediate upside potential for a new owner-user buyer
  • With a stunning location, an investor can capture a historically high appreciation investment on the West Side of San Jose
  • Well managed and owned by current owners
  • Attractive unit mix consisting of four 2 Bedrooms & 1 Bathroom units

Exclusively Listed By

Listing Price: $1,995,000

Cap Rate
1.80%
Number of Units
4
Occupancy
95.0%
Price/Unit
$498,750
Price/Gross SF
$636.16
Gross SF
3,136

Investment Highlights

  • An investor has the opportunity to purchase this investment and utilize the immediate upside potential for a new owner-user buyer
  • With a stunning location, an investor can capture a historically high appreciation investment on the West Side of San Jose
  • Well managed and owned by current owners
  • Attractive unit mix consisting of four 2 Bedrooms & 1 Bathroom units

Investment Overview

Marcus & Millichap is pleased to present 604 Eden Ave. San Jose, California, a 1958 construction investment that sits on 0.18 acres. Make your first time home ownership dream viable by taking advantage of multi year low owner occupied mortgage rates and help from long term tenants to pay a big part of your mortgage. The investment offers four apartment homes, all 2br-1ba units with a total of four garage spaces, fully furnished flooring, and décor. Kitchens feature electric ranges that vary from glass cooktops to traditional 4-element cooktops. Other variations include, but are not limited to, kitchen countertops, appliances, bedroom closet doors (mirrored/solid), bathroom cabinetry style, and paint colors. The building is a 15-minute drive to the San Jose International Airport, near schools from preparatory to high-school, 10-15 minutes drive to the nearest hospitals and shopping Centers. The building is placed in Lynhaven, a small neighborhood about five miles west of Downtown San Jose. This Silicon Valley neighborhood is an excellent option for commuters with several tech companies, including Apple, just six miles away. Interstate 280, Highway 17, and the San Thomas Expressway allow residents the leisure to travel to similar Bay Area cities, including San Francisco, Oakland, and Fremont. Residents are also near many restaurants and shopping centers, including Santana Row and Westfield Valley Fair, two popular high-end malls.   Santara Row offers an experience and a destination where you will indulge your senses in a world-class mix of brands, cutting-edge boutiques, culinary craft, and entertainment. The recent expansion of Santana Row includes the Plaza, a 319,000 square-foot building designed with office, residential and commercial space. Ownership of Santana Row recently completed plans for Santana Row West, a project featuring additional office space a stone’s throw from the retail hub’s main strip. Lynhaven is also near San Jose City College and the Santa Clara Valley Medical Center. Like many neighborhoods in the Valley, rentals in Lynhaven are typically more expensive and have quality opportunities. 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 heart of Silicon Valley, 604 Eden Ave presents an attractive choice for investors due to its close proximity to major employers transportation corridors shopping dining and entertainment options.

Exclusively Listed By

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