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Multifamily

790 Teresi Ct

790 Teresi Ct, San Jose, CA 95117

Listing Price: $2,198,000

Cap Rate
3.23%
Number of Units
4
Occupancy
97.0%
Price/Unit
$549,500
Price/Gross SF
$610.56
Gross SF
3,600

Investment Overview

790 Teresi Ct is a stunning 4-plex apartment complex located in the thriving city of San Jose, CA. Situated on a parcel of land totaling 7,200 square feet, the subject property was originally constructed in 1959 and has a gross building area of approximately 3,600 square feet, offering its tenants beautifully designed two-bedroom floor plans in a townhouse style with private backyards for each unit. Tech giants like Apple, Google, Facebook, IBM, Intel, eBay!, Yahoo!, Cisco Systems, Adobe Systems, LinkedIn, and many others all call San Jose home, with ongoing plans for Google to increases their presence in San Jose by partnering with the City of San Jose to develop “Google Village,” which is reported to encompass a transit hub. The newly released “Google Village Site Plan” for the mixed-use project will not only bring a reported 20,000-25,000 workers downtown, but the proposed 6.5 million square feet of office space, and 500,000 square feet for retail, restaurants, arts, and education will all contribute to the demand for rental housing. 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, 790 Teresi Ct presents an attractive choice for investors due to its proximity to major employer’s transportation corridors shopping dining and entertainment options.

Investment Highlights

  • Tremendous Investment Opportunity in San Jose
  • Desirable Unit Mix Consisting of Two-Bedroom Floor Plans
  • Close Proximity to Numerous High-Tech Employers Including Apple, Google, Facebook, IBM, Intel, ebay!, Yahoo!, Cisco Systems, Adobe Systems, LinkedIn, and Many Others
  • Convenient Access to Major Transportation Corridors such as US 101 and Interstate 880

Exclusively Listed By

Listing Price: $2,198,000

Cap Rate
3.23%
Number of Units
4
Occupancy
97.0%
Price/Unit
$549,500
Price/Gross SF
$610.56
Gross SF
3,600

Investment Highlights

  • Tremendous Investment Opportunity in San Jose
  • Desirable Unit Mix Consisting of Two-Bedroom Floor Plans
  • Close Proximity to Numerous High-Tech Employers Including Apple, Google, Facebook, IBM, Intel, ebay!, Yahoo!, Cisco Systems, Adobe Systems, LinkedIn, and Many Others
  • Convenient Access to Major Transportation Corridors such as US 101 and Interstate 880

Investment Overview

790 Teresi Ct is a stunning 4-plex apartment complex located in the thriving city of San Jose, CA. Situated on a parcel of land totaling 7,200 square feet, the subject property was originally constructed in 1959 and has a gross building area of approximately 3,600 square feet, offering its tenants beautifully designed two-bedroom floor plans in a townhouse style with private backyards for each unit. Tech giants like Apple, Google, Facebook, IBM, Intel, eBay!, Yahoo!, Cisco Systems, Adobe Systems, LinkedIn, and many others all call San Jose home, with ongoing plans for Google to increases their presence in San Jose by partnering with the City of San Jose to develop “Google Village,” which is reported to encompass a transit hub. The newly released “Google Village Site Plan” for the mixed-use project will not only bring a reported 20,000-25,000 workers downtown, but the proposed 6.5 million square feet of office space, and 500,000 square feet for retail, restaurants, arts, and education will all contribute to the demand for rental housing. 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, 790 Teresi Ct presents an attractive choice for investors due to its proximity to major employer’s transportation corridors shopping dining and entertainment options.

Exclusively Listed By

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