Listing provided courtesy of Mitchell Zurich of Marcus & Millichap. Last updated 2025-07-15 08:34:38.000000. Listing information © 2025 Sandicor.
Asking Price: $2,090,000 |
445 1st, San Jose CA 95112
Community: 699 - Not Defined
This property was built in 1924 and is priced at $2,090,000. Please see the additional details below.
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.
