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445 N 1st ST San Jose, CA 95112
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Key Details
Sold Price $1,950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML82014596
Sold Date 09/27/25
HOA Y/N No
Year Built 1924
Annual Tax Amount $28,068
Lot Size 8,398 Sqft
Property Description
Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley, the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning C
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 5
Roof Type Flat
Schools
School District San Jose Unified
Others
Tax ID 25920043
Financing Conventional
Special Listing Condition Standard
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Bought with Mitchell Zurich Marcus & Millichap
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