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29564363
29482231

832 Deland Ave, San Jose, CA 95128

CA
01748155
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$1,698,000
129 days on market
Updated 54 days ago

832 Deland Ave

Details
APN 282-37-030
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 3,510
Units 6
Cap Rate 4.26%
NOI $76,645
Occupancy 95%
Class C
Year Built 1960
Buildings 1
Stories 2
Acreage 0.150
Zoning RM
Parking Spaces 6 per unit
Ownership Fee Simple

6 Units San Jose - Excellent Condition

Marketing description

$100k REDUCTION! SELLER MOTIVATED! 832 Deland Ave. is a 6 unit multifamily property located in San Jose. The unit mix consists of (6) 1 bedroom / 1 bathroom that are approximately 585 sq ft each. The property sits on a 0.15 acres (or 6,440 sq ft) lot. Among the amenities are ample parking and easy access to most points of interest in the South Bay. The property has undergone numerous improvements in recent years including a complete remodel of unit 3, remodeled bathrooms, upgraded kitchens, replacement of the deck/stairs/handrails, dual pane windows, and upgraded copper plumbing.

Investment highlights

  • Unit 3 has been fully renovated with new new kitchen and bathroom that includes appliances, flooring, and fixtures.

  • Most units have updated bathrooms that include new fixtures, sink, and shower heads.

  • With the exception of Unit 2, all units have had synthetic hardwood style flooring installed.

  • Plumbing has been upgraded with copper pipes and ABS wastelines.

  • On-site laundry allows for an additional source of revenue.

  • Stairs, handrail, and walkway were replaced in 2020.

  • Each unit is assigned one parking space.

  • Building has been updated with dual pane windows.

  • Fruitdale Lightrail Station is a short walk away.

  • Lightrail offers a direct route to either Downtown Campbell or

  • Downtown San Jose.

  • Residents are a short drive away from eBay’s main campus.

  • Valley Fair Mall and Santana Row are a short drive away.

  • The Pruneyard Shopping Center and Downtown Campbell are a short drive.

Listing Contacts

CA
01748155
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$76,645.00
$6,387.08/mo

Valuation Metrics

0
DSCR
4.51%
Cap Rate
4.51%
ROI

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