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Multifamily

680 S 8th St

680 S 8th St, San Jose, CA 95112

Listing Price: $8,500,000

Cap Rate
4.45%
Number of Units
27
Price/Unit
$314,815
Price/Gross SF
$442.71
Gross SF
19,200

Investment Overview

680 S 8th St is a stunning 27-unit apartment community located in the thriving city of San Jose, California. Situated on a 19,044 square feet parcel of land, the subject property was originally constructed in 1959 and has a gross building area of approximately 19,200 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans.  680 S 8th St has recently undergone significant exterior and interior renovations. 17 of the 27 total units have been extensively renovated with updated kitchens, updated cabinetry, granite countertops, dual pane windows, updated fixtures, vinyl plank flooring and ceiling fans in bedrooms. This provides investors the opportunity to achieve significant rental premiums through interior renovations and additions on the remaining 11 units. Residents at 680 S 8th St also enjoy many convenient amenities including on-site laundry facilities, covered parking, community courtyard, BBQ picnic area, bocce ball court and bike storage.  San Jose is the third-largest city by population in California, tenth largest by population in the United States and the county seat of Santa Clara County. It is the largest city within the Bay Area as well as the largest city in Northern California. The large concentration of high-technology engineering, computer and microprocessor companies around San Jose has led the area to be known as the Silicon Valley. As the largest city in the valley, San Jose has billed itself as The Capital of Silicon Valley. San Jose is now considered to be a global city and is notable for its affluence and high cost of living. 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, 680 S 8th St presents an attractive choice for renters due to its close proximity to top tech employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity in San Jose
  • Desirable Unit Mix Consisting of One-Bedroom and Two-Bedroom Floor Plans
  • Investor has the Opportunity to Achieve Significant Rental Premium Through Interior Renovations and Additions on Remaining 10 Units
  • Recent Extensive Capital Improvements Including Updated Kitchens, Updated Cabinetry, Granite Countertops, Dual Pane Windows, Updated Fixtures, Vinyl Plank Flooring and Ceiling Fans in Bedrooms*
  • Walking Distance to San Jose State and Downtown San Jose - Home to a Myriad of Fine Dining, Shopping, and Entertainment Options & San Jose State University
  • Close Proximity to Numerous High-Tech Employers Including Apple, Google, Facebook, IBM, Intel, eBay!, Yahoo!, Cisco Systems, Adobe Systems, LinkedIn, and Many Others
  • Surrounded by Major Attractions Including SAP Center, San Jose Museum of Art, San Jose Convention Center, the Children's Discovery Museum, the Tech Museum of Innovation

Exclusively Listed By

Listing Price: $8,500,000

Cap Rate
4.45%
Number of Units
27
Price/Unit
$314,815
Price/Gross SF
$442.71
Gross SF
19,200

Investment Highlights

  • Tremendous Investment Opportunity in San Jose
  • Desirable Unit Mix Consisting of One-Bedroom and Two-Bedroom Floor Plans
  • Investor has the Opportunity to Achieve Significant Rental Premium Through Interior Renovations and Additions on Remaining 10 Units
  • Recent Extensive Capital Improvements Including Updated Kitchens, Updated Cabinetry, Granite Countertops, Dual Pane Windows, Updated Fixtures, Vinyl Plank Flooring and Ceiling Fans in Bedrooms*
  • Walking Distance to San Jose State and Downtown San Jose - Home to a Myriad of Fine Dining, Shopping, and Entertainment Options & San Jose State University
  • Close Proximity to Numerous High-Tech Employers Including Apple, Google, Facebook, IBM, Intel, eBay!, Yahoo!, Cisco Systems, Adobe Systems, LinkedIn, and Many Others
  • Surrounded by Major Attractions Including SAP Center, San Jose Museum of Art, San Jose Convention Center, the Children's Discovery Museum, the Tech Museum of Innovation

Investment Overview

680 S 8th St is a stunning 27-unit apartment community located in the thriving city of San Jose, California. Situated on a 19,044 square feet parcel of land, the subject property was originally constructed in 1959 and has a gross building area of approximately 19,200 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans.  680 S 8th St has recently undergone significant exterior and interior renovations. 17 of the 27 total units have been extensively renovated with updated kitchens, updated cabinetry, granite countertops, dual pane windows, updated fixtures, vinyl plank flooring and ceiling fans in bedrooms. This provides investors the opportunity to achieve significant rental premiums through interior renovations and additions on the remaining 11 units. Residents at 680 S 8th St also enjoy many convenient amenities including on-site laundry facilities, covered parking, community courtyard, BBQ picnic area, bocce ball court and bike storage.  San Jose is the third-largest city by population in California, tenth largest by population in the United States and the county seat of Santa Clara County. It is the largest city within the Bay Area as well as the largest city in Northern California. The large concentration of high-technology engineering, computer and microprocessor companies around San Jose has led the area to be known as the Silicon Valley. As the largest city in the valley, San Jose has billed itself as The Capital of Silicon Valley. San Jose is now considered to be a global city and is notable for its affluence and high cost of living. 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, 680 S 8th St presents an attractive choice for renters due to its close proximity to top tech employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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