457 S 10th St
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457 S 10th St
9 Unit Apartment Building $2,695,000 ($299,444/Unit) 4.72% Cap Rate San Jose, CA 95112
INVESTMENT HIGHLIGHTS
- Steps Away From San Jose State University
- Exterior Renovation
- Large Units
- Easy access to Highways 280, 101, and 680
EXECUTIVE SUMMARY
The R&Z Group of Compass Commercial is thrilled to present 457 S 10th St, San Jose, CA 95112—an exceptional investment opportunity in the heart of Santa Clara County! This vibrant, 9-unit apartment complex is located in Downtown San Jose, just steps from San Jose State University, offering a prime location for both investors and tenants alike. This property features a versatile unit mix of (9) 1 bedroom, 1-bath apartments, each with designated carports and access to an on-site laundry facility. With approximately 5,847 square feet of living space on a 0.15-acre lot, the complex provides an attractive blend of comfort and convenience for tenants, while offering substantial rental income potential for investors. What truly sets 457 S 10th St apart is its unbeatable location. Its proximity to San Jose State University makes it an ideal housing option for students, ensuring consistently high demand and low vacancy rates. The surrounding area offers even more appeal—located less than a mile from San Pedro Square and with easy access to Highways 280, 101, and 680, this property puts all of San Jose’s top attractions and major employers within reach. Major tech and business hubs, including Cisco, PayPal, FICO, Zoom, Western Digital, Adobe, and Apple headquarters, are all just a short commute away. This is a rare chance to invest in one of San Jose’s most sought-after areas. Don’t let this opportunity pass you by! Contact The R&Z Group of Compass Commercial today to schedule a viewing and secure 457 S 10th St as your next standout investment. Due Diligence: https://forms.gle/b8hEY1HfmC5uLDQW9
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$203,652
|
$34.83
|
| Other Income |
$624
|
$0.11
|
| Vacancy Loss |
$6,110
|
$1.04
|
| Effective Gross Income |
$198,166
|
$33.89
|
| Taxes |
$31,310
|
$5.35
|
| Operating Expenses |
$39,981
|
$6.84
|
| Total Expenses |
$71,291
|
$12.19
|
| Net Operating Income |
$126,875
|
$21.70
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $203,652 |
| Annual Per SF | $34.83 |
| Other Income | |
|---|---|
| Annual | $624 |
| Annual Per SF | $0.11 |
| Vacancy Loss | |
|---|---|
| Annual | $6,110 |
| Annual Per SF | $1.04 |
| Effective Gross Income | |
|---|---|
| Annual | $198,166 |
| Annual Per SF | $33.89 |
| Taxes | |
|---|---|
| Annual | $31,310 |
| Annual Per SF | $5.35 |
| Operating Expenses | |
|---|---|
| Annual | $39,981 |
| Annual Per SF | $6.84 |
| Total Expenses | |
|---|---|
| Annual | $71,291 |
| Annual Per SF | $12.19 |
| Net Operating Income | |
|---|---|
| Annual | $126,875 |
| Annual Per SF | $21.70 |
PROPERTY FACTS
| Price | $2,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.72% | Building Size | 5,847 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.38 | No. Stories | 3 |
| No. Units | 9 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.54/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,695,000 |
| Price Per Unit | $299,444 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.38 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,847 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 1.54/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 650 |
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Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 467-49-005 | Total Assessment | $2,881,500 |
| Land Assessment | $1,785,000 | Annual Taxes | $31,310 ($5.35/SF) |
| Improvements Assessment | $1,096,500 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
467-49-005
Land Assessment
$1,785,000
Improvements Assessment
$1,096,500
Total Assessment
$2,881,500
Annual Taxes
$31,310 ($5.35/SF)
Tax Year
2023
ZONING
| Zoning Code | RN (Residential Neighborhood) |
| RN (Residential Neighborhood) |
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457 S 10th St
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