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$3,895,000
ML82051201 MLS
Located on one of San Jose's most desirable and historic corridors, this mixed-use property offers an exceptional investment opportunity in the heart of The Alameda District. The property consists of four commercial storefronts and seven residential apartments, ideally situated in a vibrant neighborhood known for its walkability, charm, and strong tenant demand. With a Walk Score® of 95 (Walkers Paradise) and a Bike Score® of 87 (Very Bikeable), tenants enjoy convenient access to Whole Foods, restaurants, coffee shops, shopping, entertainment, and everyday services. The property is also just minutes from Downtown San Jose, Diridon Station, Caltrain, SAP Center, and major transportation routes including Highways 280, 87, 880, and 101. The Alameda continues to be one of San Jose's most sought-after neighborhoods, combining historic character with urban convenience. Residents and businesses alike benefit from the areas strong sense of community, mature tree-lined streets, and proximity to Silicon Valley employment centers. Additionally, ownership spent over $50,000 on capital improvements in 2025. This is a rare opportunity to acquire a well-located mixed-use asset in one of San Jose's most established and desirable neighborhoods.

994 The Alameda, San Jose

Listed by Adam Foley, 408-893-8063 from CBRE, Inc.
(If provided) CoList: from

$3,550,000
ML82044751 MLS
This multi-family residential property offers a total of 14 units, each are 1 bedroom and 1 bath with approximately 570 square feet. Designated covered carport and storage area for each unit. Common laundry is located on site. Great location, centrally located near Downtown Campbell and Santana Row with multiple dining, shopping and entertainment options to choose from. Legacy owner and pride of ownership property! Many of the units have been updated, brand new roof and gutters, waterline and sewer line replaced in 2022, windows replaced in 2015! Conveniently located in the heart of the Silicon Valley's high-tech companies with easy access to 880, 17 and 280 for the commuter. Wonderful investment opportunity! Decks were inspected and passed city inspection in 2025.

971 Whitethorne DR, San Jose

Listed by Dominic Nicoli, 408-892-3122 from Intero Real Estate Services
(If provided) CoList: from

Sold listing courtesy of Ali Quyen Tran from KWSCV
$6,200,000
ML82044371 MLS ⋅ VERIDIAN ON 4TH BLDG.
Veridian on 4th is a 19 unit apartment community located directly across the street from from San Jose State University, offering a premier downtown San Jose location with direct access to a strong and consistent tenant base. The property features a desirable unit mix of eighteen 2 bedroom units and one studio, along with individually metered water, electric, and gas, providing a desirable operational advantage and reduced landlord expenses. The units offer functional layouts that appeal to students, roommates, and young professionals, supporting steady rental demand. Located directly across from San Jose State University, residents benefit from immediate proximity to campus and a highly walkable lifestyle within approximately 0.5 miles of Downtown San Jose and San Pedro Square, with access to dining, retail, and entertainment. The property is also close to Diridon Station, providing connectivity to Caltrain, ACE, and future BART service. Supported by SJSU and Silicon Valley employment, the property is well positioned for long term rental demand. A marketing package is available upon request.

402 S 4th ST, San Jose

Listed by Mitchell Zurich, 408-888-9594 from Marcus & Millichap
(If provided) CoList: from

$3,580,000
ML82042695 MLS
$255K Per unit // Bordering Campbell // 14-Units near Marijane Park // Residential Street. 3061 David Ave ALSO FOR SALE NEXTDOOR (6-units). 3047 David Avenue, a 14-unit multifamily property in San Jose, California. Built in 1958, the property sits on a 13,200 square foot parcel and includes approximately 8,076 square feet of rentable space.The unit mix consists of ten one-bedroom/one-bath units and four two-bedroom/one-bath units, offering an efficient layout that appeals to a wide tenant base. The garden-style design allows for easy management and has historically supported strong occupancy. The property is ideally located between Historic Downtown Campbell and Santana Row, with convenient access to dining, retail, and entertainment. It is also within 35 miles of major tech employers, including Adobe, eBay, PayPal, Zoom, Western Digital, and Nutanix. The location also offers excellent connectivity via Highways 280, 880, and 17, further supporting strong tenant demand.

3047 David AVE, San Jose

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from

$3,225,000
ML82042521 MLS ⋅ Willowood BLDG.
Willowood Apartments is uniquely positioned within easy walking distance of the vibrant Lincoln Avenue downtown in San Joses charming Willow Glen neighborhood. Just a short walk down Brace Avenue to Lincoln, the property boasts a Walk Score of 84 and a Bike Score of 78. Willowood is just 9 miles from Apple Park, 7 miles from San Jose Mineta International Airport and 3 miles from SAP Center. The property is centrally located with easy access to major employers, travel and entertainment. Plus, Willowood has no tuck-under parking to trigger compliance with San Jose's Seismic Retrofit ordinance. Please do not disturb tenants.

1172 Brace AVE, San Jose

Listed by Michael Pierce, 650-430-9661 from Prodesse Property Group
(If provided) CoList: from

Sold listing courtesy of Shervin Amirmazaheri from ADVSR
$4,500,000
ML82040811 MLS
Marcus & Millichap is pleased to present 642 S 7th Street, a rare 12-unit multifamily asset in the heart of Downtown San Jose, featuring an exceptional unit mix of six oversized 2-bedroom units and six large 3-bedroom units - ideal for families, roommates, and student housing demand. Built in 1961, the property spans approximately 12,325 square feet on a 7,520 square foot lot and offers highly desirable underground parking, a rare amenity for assets of this size. The property has seen select interior upgrades, including vinyl plank flooring, updated kitchens with granite/quartz countertops, and dual-pane windows throughout, along with on-site laundry for tenants. Located just minutes from Downtown San Jose, San Jose State University, and major Silicon Valley employers, 642 S 7th Street offers a prime location with strong rental demand and long-term upside.

642 S 7th ST, San Jose

Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Jerry Wang from LRFG
$8,280,000
ML82038519 MLS
Marcus & Millichap is pleased to present 555 S. 2nd Street, a 39-unit apartment community located in the heart of Downtown San Jose's vibrant SoFA District. Offered at just $212,000 per unit, the property provides investors with a rare low basis in one of Silicon Valley's most dynamic urban neighborhoods. The asset features 37 studio units, one one-bedroom unit, and a ~900 SF ground-floor commercial storefront, currently vacant. The investment offers strong in-place returns with a 6.93% CAP rate and 8.8 GRM, along with attractive financing options available, creating an opportunity for immediate cash flow in a prime downtown location near San Jose State University, major tech employers, dining, and entertainment. This opportunity presents a rare opportunity to acquire scale in Downtown San Jose at an attractive basis with strong in-place cash flow and long-term upside.

555 S 2nd ST, San Jose

Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: Jimmy Castellanos from Marcus & Millichap
$4,600,000
ML82038375 MLS
The Zurich Group of Marcus & Millichap is please to present 2748 Kollmar Drive, a 16-unit apartment complex located in San Jose offering a rare high in-place yield opportunity in Silicon Valley. The property features a strong unit mix of one bedroom and two bedroom units, a layout that supports consistent tenant demand. The asset offers an attractive ~6.73% current cap rate with additional upside potential, allowing investors to benefit from strong in-place income with the opportunity to further increase cash flow through continued rental growth and operational improvements. The property also benefits from recent electrical upgrades including a new main panel and new subpanels installed in 2025. Ideally located one block from a new VTA Light Rail station currently under construction, the property benefits from excellent commuter access and close proximity to major Silicon Valley employment centers, supporting long-term rental demand.

2748 Kollmar DR, San Jose

Listed by Mitchell Zurich, 408-888-9594 from Marcus & Millichap
(If provided) CoList: from

$10,200,000
ML82034432 MLS ⋅ Hermitage Arms BLDG.
Marcus & Millichap is pleased to present Hermitage Arms, a premier 46-unit garden-style multifamily community located in San Jose's highly desirable North Willow Glen neighborhood. Built in 1971 on a 1.65-acre parcel, the property consists of eight separate residential buildings totaling approximately 32,848 square feet of rentable area and offers a well-balanced unit mix of nine two-bedroom/one-bath units, one one-bedroom/two-bath unit, and thirty-six one-bedroom/one-bath units. Select residences along the eastern boundary feature private backyard spaces, further enhancing resident appeal. The property is offered at a rare and compelling basis below $220,000 per unit, presenting an exceptional acquisition opportunity within Silicon Valley.

1336 Fruitdale AVE, San Jose

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Jimmy Castellanos from M&MKW
$3,510,000
ML82032684 MLS
859879 Villa Avenue offers a rare multifamily investment opportunity in San Joses highly sought-after Rose Garden neighborhood, known for its long-term stability, strong tenant demand, and limited supply. Located on a quiet residential street with close proximity to Downtown San Jose, the property benefits from immediate access to major employment centers, entertainment venues, and commuter routes. The asset consists of eight separately addressed residential units on a single parcel, qualifying for exemption from San Joses rent control ordinance. Improvements include six detached 2-bedroom/1-bath single-family residences featuring in-unit washer and dryer, fireplaces, small basements, and refinished oak hardwood floors with fresh interior paint completed between tenancies. Two additional larger units are located at the rear in a two-story stacked configuration. All units are individually metered for PG&E and water. Situated on a large lot, the property presents multiple value-add opportunities, including rental optimization, and potential ADU development. An adjacent single-family parcel may also be available for purchase, offering expanded redevelopment and density potential.

859-879 Villa AVE, San Jose

Listed by Tyler Charron, 650-675-4825 from Compass
(If provided) CoList: Tony Zizzo from Compass

Sold listing courtesy of Ali Quyen Tran from KWSCV
$38,000,000
ML82032179 MLS ⋅ The Neo On First BLDG.
Introducing Neo on First a modern, high-demand 50-unit multifamily apartment community with integrated retail/commercial space, strategically positioned in the heart of Downtown San Jose's vibrant SoFA District and just blocks from the San Jose Convention Center, Diridon Station (future high-speed rail hub), SAP Center, and major employment centers.

975 S 1st ST, San Jose

Listed by Regina Zabarte, 408-431-5684 from Hello Hello Bay Area
(If provided) CoList: from

$4,250,000
ML82031833 MLS
The Zurich Group of Marcus & Millichap is pleased to present 1235 Leigh Avenue, an 18-unit apartment community located just outside the desirable Willow Glen neighborhood of San Jose. Desirable unit mix features four 2-bedroom units (including two 2BR x 1.5BA), ten 1-bedroom/1-bath units, and four studios, appealing to a broad tenant base. The property offers on-site laundry for additional income. Prime South Bay location near Downtown Willow Glen, Campbell, and Santana Row, with easy access to The Pruneyard, San Jose City College, Bascom Light Rail, I-280, and Hwy 17. A rare opportunity to acquire a well-located multifamily asset with strong rental demand. Marketing package and additional information available upon request.

1235 Leigh AVE, San Jose

Listed by Mitchell Zurich, 408-888-9594 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Mitchell Zurich from M&MKW
$2,920,000
ML82030789 MLS
Located on a corner lot in the Hensley Neighborhood, this multifamily asset offers an opportunity to own in San Jose, less than one mile from San Jose State University. The property benefits from strong rental demand driven by proximity to major employment and educational hubs. The asset consists of 12 units with a mix of (3) 2BD/1BA units, (8) 1BD/1BA units, and (1) studio. Tenants enjoy immediate access to Downtown San Jose dining, retail, nightlife, and cultural amenities, as well as close proximity to San José State University. The property totals approximately 7,924 SF on a 10,764 SF lot and is constructed on a cinderblock and concrete perimeter foundation with crawlspace access. Parking is above average with 12 assigned spaces, including 4 tuck-under and 8 uncovered stalls. Each unit features a private balcony, and a centrally located courtyard provides shared outdoor space. Recent improvements include a newer roof replaced in 2024. Most units feature updated carpet flooring, while original cabinetry and countertops remain, offering value-add potential. All units include white appliances and wall furnaces. The property offers stable in-place income with future upside in a supply-constrained Downtown San Jose submarket.

393 N 5th ST, San Jose

Listed by Ray Rodriguez, 650-405-0743 from Compass
(If provided) CoList: Tony Zizzo from Compass

Sold listing courtesy of Leah Chen from NULEV
$10,250,000
ML82024500 MLS ⋅ The Mission Villa Apartments BLDG.
Significantly Improved Pricing! Built in 1971, the Mission Villa Apartments offers a rare unit mix and variety of amenities not commonly found in a 36-unit community. The thoughtfully designed 705 sq. ft. one bedroom on baths, 850 sq. ft. 2 bedroom 2 baths, and 1,150+ sq ft. three bedroom two baths units offer in-wall A/C, dishwashers and disposals, and either private patios or balconies. The attractive Spanish-Style architecture property boasts a heated swimming pool and spa, BBQ area, recreation room, fitness center and an adjoining sauna with shower and restrooms. The Mission Villa Apartments provides a compelling value-add investment opportunity, with upside through both interior and common area renovations combined with mark-to-market benefit. While current ownership has maintained the asset well and renovated select units, the groundwork is laid to expand the unit modernization program to compete with nearby higher-end communities. Additional operational upside can be captured via loss to lease upside, contemporization of existing amenities, or conversion to add multiple additional rental units. Tenants benefit from proximity to the 11-mile Los Gatos Creek Trail, retail and restaurant options of The Pruneyard, Santana Row and Downtown Campbell, and world-class employers.

1299 Leigh AVE, San Jose

Listed by Joel Hopman, 415-722-2200 from Newmark Cornish & Carey
(If provided) CoList: from

Sold listing courtesy of Meidan Mike Magen from APR
$3,536,000
ML82019582 MLS
This property can be purchased individually or together with 423 N 26th St. Composed of 13 units (8) 2 Bed 1 Bath and (5) 1 Bed 1 Bath apartment units the property provides a versatile unit mix that appeals to a wide tenant base. Each unit comes with a designated tucked-under carport, and the building is equipped with an on-site laundry room featuring two washers and two dryers, with card readers, both owned. The 2-bedroom units have the benefit of forced-air heating, while the 1-bedroom units are equipped with wall furnaces. Built with durability in mind, this asset features a low-pitched tar and gravel roof and a concrete slab foundation, ensuring long-term stability and ease of maintenance. With approximately 10,260 square feet of living space on-site, the property sits on a footprint that efficiently balances tenant livability with investor performance. Utilities are set up with separately metered gas and electric, while water is master metered for straightforward operations. Major employers nearby include Adobe, Cisco, PayPal, eBay, Western Digital, Zoom, and SJSU, reinforcing consistent rental demand from Silicon Valleys thriving workforce. Located near the future Bart Little Portugal Station and the on going Five Wounds Neighborhood development.

445 N 26th ST, San Jose

Listed by Ray Rodriguez, 650-405-0743 from Compass
(If provided) CoList: Tony Zizzo from Compass

Sold listing courtesy of Thu Le from YA61M
$3,836,000
ML82019579 MLS
This building can be purchased individually or together with 445 N 26th St. This standout property boasts a versatile unit mix of (7) 2 Bed, 1 Bath and (7) 1 Bed 1 Bath units, all equipped with designated carports, and a convenient coin-operated laundry room with 2 washers and 2 dryers with card readers that are owned. With approximately 10,360 square feet of living space on a 0.56-acre lot, this building provides both comfort for tenants and strong rental income for investors. The entire building is well kept, with a courtyard in the middle and a manicured landscape. The location couldnt be better! Youre a short drive from Downtown San Jose and have easy access to Highway 280, 87, and 101, putting all of San Jose within reach. Plus, approximation to major employers like Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters. With its balanced unit mix, strong tenant appeal, and durable construction, 423 N 26th St represents a unique chance to acquire a stable, income-generating asset in one of the Bay Areas most dynamic rental markets. This offering provides investors the opportunity to capture immediate cash flow while positioning for long-term growth in San Joses thriving economy.

423 N 26th ST, San Jose

Listed by Ray Rodriguez, 650-405-0743 from Compass
(If provided) CoList: Tony Zizzo from Compass

Sold listing courtesy of Ben Hsu from CLMX
$11,150,000
ML82017954 MLS ⋅ Rancho Vista Apartments BLDG.
Marcus & Millichap is pleased to present Rancho Vista Apartments, a well-maintained 1990-built asset in San Jose, exempt from the city's rent control ordinance. Most units have been recently renovated with luxury vinyl plank flooring, quartz countertops, updated bathroom vanities, and new dual-pane windows and sliders. The property's modern construction offers desirable features such as private balconies or patios, dedicated parking for every unit, and three newly constructed laundry facilities. The property is fully SB-721 compliant and exempt from the San Jose soft story retrofit ordinance. Set on a generous 1.08 acre-parcel, Rancho Vista offers residents exceptional privacy, generous open space, and a true condo-quality living experience in the heart of the Silicon Valley.

127 Rancho DR, San Jose

Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: Robert Johnston from Marcus & Millichap

Sold listing courtesy of Eymon Binesh from M&MKW
$3,800,000
ML82017004 MLS
68-70 S 8th Ave (the Property) in San Jose. This pride of ownership asset was built in 1962 (70 S 8th) and 1964 (68 S 8th) and boasts 11 (2) Bedroom, (1.5) Bathroom Townhome Units, (1) Two Bedroom, (1.5) Bathroom Townhome, and (1) Studio. The Propertys premiere location generates premium rents and strong demand from renters backed by proximity to San Jose State and local tech workers in the DT San Jose market. This Property offers investors the rare opportunity to an exceptionally well-maintained apartment building with substantial rental upside.

68-70 S 8th ST, San Jose

Listed by Jefrey Henderson, 415-535-7414 from Jefrey Henderson, Broker
(If provided) CoList: from

Sold listing courtesy of Gena Kraft from NTERO
$7,600,000
ML82016658 MLS ⋅ Kennedy Hall BLDG.
6.14% cap rate // 9.81 GRM based on current rents. 100% 2x2 floor plans. Marcus & Millichap is excited to present Kennedy Hall, a rare opportunity to acquire a well-located, multifamily asset just steps from San Jose State University. The property features 28 spacious two-bedroom, two-bath units totaling approximately 25,855 square feet of rentable space on a 0.58-acre lot. Built in 1964, Kennedy Hall offers a highly functional layout ideally suited for student housing or working professional roommates, with each unit having an ideal two-bedroom layout with maximum privacy. This optimal rental configuration, combined with the propertys close proximity to campus and an assumable Chase Bank loan fixed at 4.51% through August 2029, makes Kennedy Hall a prime choice for investors seeking strong cash flow and long-term demand.

555 S 10th ST, San Jose

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Jimmy Castellanos from M&MKW
$10,600,000
ML82015189 MLS
First Street Manor is an exceptional 39-unit apartment community located at 523-530 N First St in the thriving city of San Jose, California. Situated on 0.87 acre parcel of land, the subject property was originally constructed in 1948 and has a gross building area of approximately 18,320 total square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. Residents at First Street Manor enjoy multiple convenient community amenities including an on-site laundry facility, private covered parking, secured gated perimeter and a secluded community courtyard area. The subject property has also recently undergone extensive capital improvements such as a new roof installed in 2024, complete interior renovations for all units, and dual-pane windows throughout. First Street Manor sits near Downtown San Jose and is within walking distance to the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options.The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.

523 N 2nd ST, San Jose

Listed by Cole Simpson, 650-391-1735 from Marcus & Millichap
(If provided) CoList: Robert Johnston from Marcus & Millichap
$1,600,000
ML82013052 MLS

97 S 6th ST, San Jose

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: AJ Decristoforo from Marcus & Millichap

Sold listing courtesy of J.J. Taughinbaugh from M&MKW
$3,850,000
ML82010071 MLS
18-unit Apartment Complex located at 1634 The Alameda -- The property is exceptionally well located with a strong in-place cap rate while offering income upside! Marketing Package and additional information available upon request.

1634 The Alameda, San Jose

Listed by Mitchell Zurich, 408-888-9594 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Mitchell Zurich from M&MKW
$5,500,000
ML82009337 MLS
This 24 unit building gives an investor a tremendous opportunity to acquire a property in the heart of Silicon Valley. The unit mix consists of 23 one bedroom/one bath units with a square footage range of 539 to 775 and one two bedroom/two bath unit with a square footage of 918. Built in 1969. The property is .6 of an acre or 26,136 square feet. There are ten units with balconies. There are 23 carports and 15 open parking spaces. There are 24 tenant storage closets. A building office (21X13) with two baths and two building storage units (12.75X12.75) one with a bath. Check to see if the office area can be changed to an ADUThe laundry room is (12.75X12.75). The pool (approximately (14X30) is fenced.

495 Richfield DR, San Jose

Listed by Dennis Moreno, 408-888-2553 from MGM Real Estate
(If provided) CoList: Laura Moreno Little from MGM Real Estate

Sold listing courtesy of Philip Batlin from M&MKW
$3,800,000
ML82008590 MLS ⋅ 508-514 South Willard Avenue BLDG.
OFFER DATE: Wednesday, June 18th. RARE PRICE POINT! Marcus & Millichap is pleased to present 508-514 South Willard Avenue, a rare 20-unit multifamily opportunity located in the heart of San Jose, CA. Offered at just $205,000 per unit, this property is by far the most attractively priced apartment community currently on the market in San Jose. Spanning two adjacent 10-unit parcels, the asset includes a mix of sixteen one-bedroom units and four two-bedroom units across 11,728 square feet of rentable space on a 0.46-acre lot. The offering represents a unique chance to acquire scale in one of Silicon Valley's most resilient rental markets at a significant discount to replacement cost.

508-514 S Willard AVE, San Jose

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Jimmy Castellanos from M&MKW
$4,200,000
ML82004853 MLS
2970 Magliocco Dr is an exceptional 18-unit apartment community located in thriving San Jose, California. Situated on a parcel of land totaling 12,285 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 8,072 square feet, offering its tenants beautifully designed two-bedroom and studio floor plans. The property is also located within half an hour of many additional distinguished educational institutions including Stanford University, Santa Clara University, and San Jose State University. In addition, the subject property offers a prime West San Jose location featuring convenient access to Downtown San Jose (7 miles) and Santana Row (2 miles) home to a myriad of high-end shopping, dining and entertainment options. 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, 2970 Magliocco Dr presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

2970 Magliocco DR, San Jose

Listed by Robert Johnston, 650-391-1744 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Eymon Binesh from M&MKW
$3,250,000
ML82004258 MLS
Unique Oppty to Achieve 5.63% Cap or 7.39% Cap Within 3 to 6-Months. 3-Minute Walk to SJSU. Rare 25-Bedroom (With 29-Bedroom Potential) Student Housing. Fully-Vacant. SJSU Fraternity House With 10,893 SF on 3 Levels + Basement. Rehab 25 BRs, PLUS Add 4 Bedrooms to Achieve Income of 29 BRs of High-Quality Student Rental. Student Leases: August 1 to July 31, Offer Secure, Steady Cashflow w/ Minimal Vacancies. Extremely Supply-Constrained Student Housing Market Near SJSU. Considerable Interior Space w/ Numerous Repositioning Opportunities to Help Investor Achieve Premium Rents. Spacious Second and Third Floor Bedrooms (+/- 145 SF Bedrooms with 9' Ceilings) Offer Panoramic Views of SJ and SJSU Campus. 25-Parking Spaces Rear of Property - Investors May Lease Out or Include Parking in Rent for Additional NOI. Income-Generating Ideas: Onsite Gym, Movie Room, Bike Storage, Pickleball Courts, Solar Panels, Etc. CURRENT CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen): 5.63%; GRM: 10.4 (Cap Rate Inclusive of $300,000 Property Rehab Budget); Cost/SF: $367/SF. PRO-FORMA CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen PLUS Add 4 Bedrooms on Ground Floor): 7.39%; GRM: 8.9 (Inclusive of $300,000 Property Rehab + $140,000 Additional Bedrooms Budget); Cost/SF: $367/SF.

155 S 11th ST, San Jose

Listed by Don Sung, 650-380-5188 from Colliers Parrish International, Inc.
(If provided) CoList: from

Sold listing courtesy of Cindy Liu from XLIU
$2,800,000
ML82003032 MLS ⋅ 1145-1151 Carlsbad Drive BLDG.
OPEN HOUSE: Friday (5/16) from 11 AM to 12:30 PM. Located near the heart of the beautiful Almaden Valley in southwest San Jose, 1145-1151 Carlsbad Drive is an 8-unit + ADU multifamily community offering location appeal and steady income for future investors. Built in 1963, this property sits on an expansive 10,640 square foot lot and boasts 8,000+ square feet of rentable building square footage. Comprising eight spacious townhome-style units plus one studio ADU, the property offers generous living space throughout. The property also features nine covered parking spaces and two open parking spaces, ensuring convenient and hassle-free parking for residents. Enhancing its investment potential, the property includes a 400+ square foot studio attached to the carport, complete with an existing kitchen, bathroom, and private backyard. Currently used for storage, this bonus space offers clear ADU potential, presenting an easy opportunity to utilize a ninth rentable unit.

1151 Carlsbad DR, San Jose

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: AJ Decristoforo from Marcus & Millichap

Sold listing courtesy of Cindy Liu from XLIU
$8,700,000
ML82002833 MLS ⋅ El Dorado Apartments BLDG.
CALL FOR OFFERS: Wednesday, May 14th at 1:00 PM. Marcus & Millichap is pleased to present El Dorado Apartments, a rare opportunity to acquire a high-quality multifamily asset across from San Jose State University. Located at 315 East San Fernando Street, this well-positioned property features 29 spacious two-bedroom, 1.5-bath units and one two-bedroom, one-bath unit. The building totals 30 units, offering approximately 27,552 square feet of living space on an 18,870-square-foot lot. Built in 1962, El Dorado Apartments is considered Type III construction and features a podium-style design, with a concrete target story providing enhanced fire resistance and structural integrity. This style of construction is more durable and costly to build, offering long-term value through concrete materials versus wood frame. With generous unit sizes, superior construction, and a desirable downtown location, the property delivers the ideal blend of convenience, durability, and strong rental demand.

315 E San Fernando ST, San Jose

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Jimmy Castellanos from M&MKW
$3,600,000
ML82002208 MLS
Marcus & Millichap is pleased to present 59 S 5th Street, a charming 16-unit Colonial Revival apartment building located in the heart of Downtown San Jose, California. This rare opportunity offers investors the chance to own a character-rich asset in one of Silicon Valley's most desirable areas. The timeless architecture appeals to renters seeking charm and a sense of place, distinguishing it from more generic modern buildings. Ideally situated across from San Jose State University (37,500+ students, 4,300+ staff) and next to San Jose City Hall, the property enjoys strong rental demand and prime walkability. With a low price of $233,000 per unit, strong in-place cash flow, and attractive bank financing options, 59 S 5th Street is a compelling investment in a high-growth market. Opportunities like this in Downtown San Jose are rare -- don't miss out.

59 S 5th ST, San Jose

Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: Robert Johnston from Marcus & Millichap

Sold listing courtesy of Eymon Binesh from M&MKW
$4,383,500
3 Beds ⋅ ML82000643 MLS
PRICE REDUCED! Seller currently undertaking balcony repairs and will provide SB 721 Compliance at Close of Escrow. 6.14% Current Cap Rate. Unit Mix: (10) 1-Bed/1-Bath, and (12) 2-Bed/1-Bath. Numerous recent upgrades. Copper plumbing, dual pane windows, Square D subpanels - 90 Amp per Unit, disposals in every kitchen, recently replaced water heaters. 100% Occupied & Stable Cash Flow Fully leased with strong tenant demand. Upside potential through unit upgrades and rent growth. Prime East San Jose Location, near top tech employers, schools, and within walking distance of shopping, dining, and medical services. Excellent Transit & Highway Access Near VTA bus lines, Hwy 101, 680, and 280. Close to Recreation 1.2 miles from Lake Cunningham Parks trails and activities. Cross posted with Commercial Multi-Family Class listing: ML81998688

1500 S White RD, San Jose

Listed by Bryan Danforth, 650-274-5227 from Compass
(If provided) CoList: Matthew Thomson from Compass

Sold listing courtesy of Bryan Danforth from APR

board logoThe data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Real Estate Company are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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