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33258488
33258497

402, 414-420 S. 4 TH STREET, San Jose, CA 95112

MZ
CA CA 01870648
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$6,200,000
59 days on market
Updated 21 days ago

Veridian on 4th Apartments

Details
APN 467-47-063 & 467-47-088
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,228
Units 19
Cap Rate 5.10%
NOI $316,340
Pro-Forma Cap Rate 7.93%
Pro-Forma NOI $491,591
Price per SqFt $552
Year Built 1957 & 1960
Acreage 0.320
Parking Spaces 21 spaces
Parking Per SqFt 1.87
Ownership Fee Simple

Veridian on 4th, San Jose, CA 76006

Marketing description

The Zurich Group of Marcus & Millichap is pleased to present Veridian on 4th, a well-located 19-unit apartment community in the highly desirable San Jose market. Positioned in the heart of the city’s urban core, the property benefits from close proximity to San José State University, offering a strong and consistent tenant base driven by student, faculty, and young professional demand.

The property consists of eighteen (18) two-bedroom, one-bathroom units and one (1) studio unit, providing an attractive and well-balanced unit mix. Select units (414-2, 420-2, and 420-5) feature in-unit washer and dryer, enhancing tenant convenience and rental appeal. The property also includes twenty-one uncovered parking spaces, a valuable amenity in this dense, urban location.

Ideally located near Downtown San Jose and San Pedro Square, tenants enjoy walkable access to a wide array of dining, nightlife, and entertainment options. The property is also within close proximity to San Jose Diridon Station, providing connectivity to major transit lines including Caltrain, ACE, and future BART expansion.

Surrounded by Silicon Valley’s major tech employers, Veridian on 4th is well-positioned to attract renters seeking proximity to employment centers and urban conveniences. The combination of a prime location, strong demand drivers, and desirable unit features positions this asset as an attractive long-term investment opportunity.

Investment highlights

  • Unmatched Location ± 100 feet from San José State University
  • Ample Parking– Twenty-one (21) uncovered parking spaces
  • 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 units 414-2, 420-2, and 420-5

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
$316,340.00
$26,361.67/mo

Valuation Metrics

0
DSCR
5.1%
Cap Rate
5.1%
ROI

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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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