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Listed by Patrick Carvalho • Fathom Realty Group, DRE#02136374
$ 1,649,999
Est. payment | /mo
3 Beds
3 Baths
3,084 SqFt
$ 1,649,999
Est. payment | /mo
3 Beds
3 Baths
3,084 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,084 sqft
Price per Sqft $535
MLS Listing ID ML82061891
Bedrooms 3
Full Baths 3
Year Built 1962
Lot Size 5,360 Sqft
Property Sub-Type Five or More Units
Property Description
Welcome to 1264 Whitton Ave, San Jose, CA a 7-unit multifamily investment opportunity with a current NOI of $111,445 and a 6.76% in-place cap rate, representing an approximate $1.65M valuation and $235,400 per unit based on the current cap rate. The property offers an established income stream, a diverse unit mix, and potential for future income growth. The property consists of seven residential units, including three 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one studio, providing a diversified mix designed to appeal to a broad range of tenants. Current annual rental income is approximately $134,076. Current rents are below market, providing an opportunity for an investor to evaluate future rent growth and potential NOI enhancement over time, subject to applicable California and local rent-control requirements, tenant protections, existing leases, and market conditions. With $111,445 in current NOI, a 6.76% cap rate, approximately $235,400 per unit, seven units, and below-market rents, 1264 Whitton Ave offers investors an opportunity to acquire an established San Jose multifamily asset with current cash flow and potential for increased income over time.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning LI
Interior
Heating Other
Cooling Other
Exterior
Parking Features Assigned Spaces, Carport
Utilities Available Public Utilities
Roof Type Shingle
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 467-35-015
Security Features Fire Alarm
Special Listing Condition Not Applicable
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