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34421373
34421371

2 Locations For Sale

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$4,750,000
3 days on market
Updated 3 days ago

3136 Cadillac Dr, San Jose, CA, 95117

Details
APN 305-03-012, 305-03-013
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,968
Units 16
Cap Rate 5.37%
NOI $254,843
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $308,648
Price per SqFt $433
Year Built 1960
Buildings 2
Lot Size (SqFt) 18,144
Zoning R-M

Well-Situated San Jose Multifamily Investment Opportunity | San Jose, CA

Marketing description

3136 & 3144 Cadillac Dr is an exceptional 16-unit apartment community situated in the thriving West San Jose area, immediately adjacent to Campbell.

Situated on two contiguous parcels of land totaling 18,144 square feet, the subject property was originally constructed in 1960 and has a gross building area of approximately 10,968 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property offers tenants convenient amenities such as private parking and a shared laundry facility.

The property is also located within half an hour of many distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime San Jose location featuring convenient access to Santana Row (1.8 miles) and walking distance to Downtown Campbell (0.7 miles), both home to a myriad of high-end shopping, dining, and entertainment options.

As part of Silicon Valley, this location offers renters close proximity to many of the nation's top tech employers including Apple, Google, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, LinkedIn as well as many others. The subject property also provides tenants and residents convenient access to San Jose State University and Downtown San Jose.

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 Silicon Valley, 3136 & 3144 Cadillac Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment highlights

  • Well-Situated San Jose Multifamily Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset located just blocks from Downtown Campbell.
  • Prestigious Campbell School District - The subject properties are located in one of the South Bay's most prestigious school district with attendance to Westmont High.
  • Prime West San Jose Location - 3136 & 3144 Cadillac Dr is situated within walking distance to Downtown Campbell (0.7 miles) and close proximity to Santana Row (1.8 mi), both home to a myriad of high-end shopping, dining, and entertainment options.
  • Proximity to Essential Amenities - 3136 & 3144 Cadillac Dr is positioned within close proximity to essential amenities such as grocery stores, healthcare facilities, educational institutions, recreational parks, and cultural attractions. Tenants can readily access these amenities, making their daily routines more convenient and enhancing their overall quality of life.

Listing Contacts

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$254,843.00
$21,236.92/mo

Valuation Metrics

0
DSCR
5.37%
Cap Rate
5.37%
ROI

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Additional Information

Name
Robert Johnston
License
01853816
Brokerage
Marcus and Millichap
Brokerage Phone
6503911744
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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