780 Deland AVE, San Jose, CA 95128
- $2,200,000
- 4,307
- SqFt
- List Price
- $2,200,000
- MLS#
- ML82059224
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 4,307
- Lot Size
- 6,534
- Listing Area
- Central San Jose
- Year Built
- 1961
Property Description
Excellent opportunity to acquire a well positioned six unit multifamily property in a desirable San Jose location. The property offers an attractive unit mix of three 2 bedroom units, two 1 bedroom units, and 1 studio. The property generates $172,284 in gross rental income and offers over a 5% cap rate based on listed income and expenses. Recent capital improvements include a new roof, new main electrical panel, upgraded electrical subpanels, and a new water heater reducing near term capital expenditures for the next owner. Additional features include covered parking spaces, individually metered gas and electricity, and on site coin laundry. A compelling opportunity for investors seeking established income, a strong unit mix, significant recent improvements, and long term appreciation potential in the heart of Silicon Valley. Offering memorandum and financial information available upon request. Please do not disturb tenants.
Additional Information
- Acres
- 0.15
- Age
- 65
- Cooling System
- Other
- Foundation
- Other
- Garage Parking
- Carport
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 4,307
- Lot Size
- 6,534
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Other
- Sewer
- Other
- Special Features
- Other
- Unincorporated Yn
- Yes
- Zoning
- RM
Mortgage Calculator
Listing courtesy of Endri Hoxha from Coldwell Banker Realty. 415-941-9875
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