Located in Cupertino School District! 380 Richfield Dr
4 Unit Apartment Building $2,350,000 ($587,500/Unit) 3.79% Cap Rate San Jose, CA 95129
INVESTMENT HIGHLIGHTS
- Located in the Cupertino Union School District
- Excellent unit mix of 3-bedroom and 2-bedrooms
EXECUTIVE SUMMARY
Located in Cupertino Union School District! This exceptional four-unit apartment building combines a superior location with a diversified unit mix, making it an ideal asset for investors or owner-occupants. Situated in the prestigious Cupertino Union School District and just two miles from Apple’s iconic spaceship headquarters, the property offers unparalleled access to top-tier schools, major employers, and a thriving tenant base. Each unit is
thoughtfully designed to maximize functionality and comfort, appealing to a broad range of tenants.
thoughtfully designed to maximize functionality and comfort, appealing to a broad range of tenants.
PROPERTY FACTS
| Price | $2,350,000 |
| Price Per Unit | $587,500 |
| Sale Type | Investment |
| Cap Rate | 3.79% |
| Gross Rent Multiplier | 17.49 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,828 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.77/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1.5 | 2 | - | - |
| 2+1 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 296-39-055 | Improvements Assessment | $738,517 |
| Land Assessment | $722,429 | Total Assessment | $1,460,946 |
ZONING
| Zoning Code | *RM |
