Fully Leased 14 Unit Apartment Bldg. For Sale | 5390 Carryback Ave
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Fully Leased 14 Unit Apartment Bldg. For Sale 5390 Carryback Ave
14 Unit Apartment Building $6,500,000 ($464,286/Unit) 4.83% Cap Rate San Jose, CA 95111
Investment Highlights
- Fully Leased 14-Unit Apartment Building For Sale
- Two (2) 3 BD/2 BTH Units, Ten (10) 2 BD/1 BTH Units, and Two (2 BD/1BTH Townhome Units)
- Covered Car-Port Parking
- 3 Separate Buildings on a 27,500 SF Lot
- Large 0.63 AC Corner Lot
- Built in 1980
Executive Summary
5390 Carryback Ave, San Jose is a fully leased 14-unit apartment building which consists of 3 separate buildings on a single 27,500 square foot parcel. Desirable Unit Mix - Two (2) 3 Bedroom/2 Bathroom Units, Ten (10) 2 Bedroom/1 Bathroom units, and Two (2 Bedroom/1Bathroom Townhome units). Large corner lot. The property was built in 1980. Covered Car-Port Parking. The property is in the Oak Grove School District, Edenvale Elementary School, Davis Intermediate School, and Oak Grove High School. The property is located off Monterey Road, near Blossom Hill Road and Highway 101. The property is in the (R-M) Multiple Residence District Zoning designation and in the (RN) Residential Neighborhood general plan designation. Average Household income of $116,000 in a 1-mile radius from the property.
Property Facts
| Price | $6,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $464,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 4.83% | Building Size | 12,292 SF |
| Gross Rent Multiplier | 15.35 | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Price | $6,500,000 |
| Price Per Unit | $464,286 |
| Sale Type | Investment |
| Cap Rate | 4.83% |
| Gross Rent Multiplier | 15.35 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.63 AC |
| Building Size | 12,292 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.3/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 857 |
| 3+2 | 2 | - | 1,000 |
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PROPERTY TAXES
| Parcel Number | 684-38-075 | Improvements Assessment | $1,963,804 |
| Land Assessment | $1,270,696 | Total Assessment | $3,234,500 |
PROPERTY TAXES
Parcel Number
684-38-075
Land Assessment
$1,270,696
Improvements Assessment
$1,963,804
Total Assessment
$3,234,500
zoning
| Zoning Code | R-M (R-M (Multiple Residence District)) |
| R-M (R-M (Multiple Residence District)) |
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Fully Leased 14 Unit Apartment Bldg. For Sale | 5390 Carryback Ave
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