Multifamily

The Maxwell

Listing Price: $7,250,000

Cap Rate
3.65%
Number of Units
18
GRM
16.34
Occupancy
96.50%
Price/Unit
$402,778
Price/Gross SF
$596.71
Gross SF
12,150

Investment Overview

Located in a highly desirable area of San Jose and in the center of Silicon Valley, The Maxwell consists of 18 one-bedroom units and approximately 12,150 square feet of rentable space. 50% of the units have been renovated (9/18) with new flooring, lighting, interior hardware, fixtures, paint and appliances. Recently completed projects to the community include mailboxes, painted exterior doors and landscaping. All nits are individually metered for electricity and gas, with a master for water. Residents enjoy assigned off-street parking, in-unit washer/dryer, and ultra-convenient access to shopping, dining and entertainment.

With its proximity to San Jose International Airport and major Bay Area technology employers, The Maxwell offers the savvy investor the opportunity to diversify sources of revenue with short-term rentals. The corporate housing industry is evolving, with emerging technologies, shifting travel preferences, and changing corporate travel policies. A study shows that 37% of business travelers were looking for increased autonomy (private accommodation) on the trip, according to American Express Global Business Travel. Information is available here San Jose Municipal Code

Located on a tree-lined residential neighborhood, residents at The Maxwell enjoy easy access to the many amenities provided by the great city of San Jose. The property is a short distance to numerous popular restaurants, shops and entertainment located throughout downtown San Jose. Additionally, the subject property is less than 1.5 miles from nearby shopping that includes Trader Joes, Target, Starbucks, Chilis Restaurant, BJs Brewery and more.

The Maxwell is surrounded by Major Attractions Including SAP Center, San Jose Museum of Art, San Jose Convention Center, the Childrens Discovery Museum, and the Tech Museum of Innovation, and is just 2 miles from the proposed Google Village site.

Investment Highlights

  • Within minutes of San Pedro Square, downtown shopping, dining and entertainment
  • Stackable washer/dryer unit in each apartment home
  • Convenient access to highways 101, 280 and 85; plus major thoroughfares
  • 18 assigned covered + 6 open guest parking spaces
  • Steps from VTA Light Rail
  • 100% Rent Collection during Covid-19

Exclusively Listed By

Listing Price: $7,250,000

Cap Rate
3.65%
Number of Units
18
GRM
16.34
Occupancy
96.50%
Price/Unit
$402,778
Price/Gross SF
$596.71
Gross SF
12,150

Investment Highlights

  • Within minutes of San Pedro Square, downtown shopping, dining and entertainment
  • Stackable washer/dryer unit in each apartment home
  • Convenient access to highways 101, 280 and 85; plus major thoroughfares
  • 18 assigned covered + 6 open guest parking spaces
  • Steps from VTA Light Rail
  • 100% Rent Collection during Covid-19

Investment Overview

Located in a highly desirable area of San Jose and in the center of Silicon Valley, The Maxwell consists of 18 one-bedroom units and approximately 12,150 square feet of rentable space. 50% of the units have been renovated (9/18) with new flooring, lighting, interior hardware, fixtures, paint and appliances. Recently completed projects to the community include mailboxes, painted exterior doors and landscaping. All nits are individually metered for electricity and gas, with a master for water. Residents enjoy assigned off-street parking, in-unit washer/dryer, and ultra-convenient access to shopping, dining and entertainment.

With its proximity to San Jose International Airport and major Bay Area technology employers, The Maxwell offers the savvy investor the opportunity to diversify sources of revenue with short-term rentals. The corporate housing industry is evolving, with emerging technologies, shifting travel preferences, and changing corporate travel policies. A study shows that 37% of business travelers were looking for increased autonomy (private accommodation) on the trip, according to American Express Global Business Travel. Information is available here San Jose Municipal Code

Located on a tree-lined residential neighborhood, residents at The Maxwell enjoy easy access to the many amenities provided by the great city of San Jose. The property is a short distance to numerous popular restaurants, shops and entertainment located throughout downtown San Jose. Additionally, the subject property is less than 1.5 miles from nearby shopping that includes Trader Joes, Target, Starbucks, Chilis Restaurant, BJs Brewery and more.

The Maxwell is surrounded by Major Attractions Including SAP Center, San Jose Museum of Art, San Jose Convention Center, the Childrens Discovery Museum, and the Tech Museum of Innovation, and is just 2 miles from the proposed Google Village site.

Exclusively Listed By

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