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33258379
33258378

439-441 S. 5 TH STREET, San Jose, CA 95112

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$4,150,000
54 days on market
Updated 16 days ago

Veridian on 5th Apartments

Details
APN 467-47-071
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,828
Units 12
Cap Rate 5.40%
NOI $224,192
Pro-Forma Cap Rate 8.16%
Pro-Forma NOI $338,764
Price per SqFt $608
Year Built 1957
Acreage 0.220
Ownership Fee Simple

Veridian on 5th, San Jose, CA 94040

Marketing description

Veridian on 5th Apartments is a 12-unit multifamily investment property located in San Jose, CA.

The Zurich Group of Marcus & Millichap is pleased to present Veridian on 5th, a well-located 12-unit apartment community in the heart of San Jose's urban core. Positioned approximately 300 feet from San José State University, the property benefits from an exceptional location that provides a built-in, highly consistent tenant base driven by students, faculty, and young professionals.

The property consists of twelve (12) 2-bedroom, 1-bathroom units, totaling approximately 6,828 square feet on a 9,522 square foot lot. The 100% two-bedroom unit mix offers operational simplicity and broad rental appeal, particularly in this supply-constrained, high-demand rental pocket adjacent to campus. Additionally, unit 439-5 features an in-unit washer and dryer, providing enhanced convenience for tenants.

This turn-key asset offers twelve uncovered parking spaces and zero tuck-under parking spaces, a favorable configuration that eliminates soft-story concerns while still accommodating tenant parking needs.

Veridian on 5th is ideally situated within a half mile of Downtown San Jose and San Pedro Square, placing tenants within immediate reach of a vibrant mix of dining, retail, and nightlife. The property is also approximately two miles from Diridon Station, providing access to Caltrain, ACE, and future BART service, further enhancing regional connectivity.

Surrounded by Silicon Valley's major employment hubs, the asset is well-positioned to attract renters seeking proximity to both education and employment centers. The combination of irreplaceable location, strong demand drivers, and transit accessibility positions Veridian on 5th as a compelling long-term investment opportunity.

Investment highlights

  • Unmatched Location ± 300 feet from San José State University
  • 100% 2-Bedroom Units offering highly functional and desirable unit mix
  • Prime Urban Setting located in the heart of San Jose’s downtown core
  • Walkable Lifestyle within 0.5 miles of Downtown San Jose & San Pedro Square
  • Transit-Oriented: ~2 miles to Diridon Station (Caltrain, ACE, future BART)
  • Strong Demand Drivers Supported by SJSU and Silicon Valley employment
  • In-Unit W&D - featured in unit 439-5

Listing Contacts

MZ
CA CA 01870648
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
$224,192.00
$18,682.67/mo

Valuation Metrics

0
DSCR
5.4%
Cap Rate
5.4%
ROI

Map

Zoning

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UR ResidentialMulti FamilyUrban Residential
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Mitchell Zurich
License
CA 01870648
Brokerage
Marcus & Millichap
Brokerage Phone
6503911824
Title
Senior Managing Director
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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