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630 S 8th St

5 Unit Apartment Building $1,695,000 ($339,000/Unit) 5.66% Cap Rate San Jose, CA 95112

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Investment Highlights

Unit mix of (1) Bed 2 bath (1) 1 Bed 1 bath (3) Studios
Two blocks away from SJSU

Potential to build ADU with minimal capital expenses

Executive Summary

630 S 8th St, San Jose, CA 95112! Located in the heart of Santa Clara County, this dynamic five-unit apartment complex, with the potential to add an ADU in the vibrant Downtown San Jose, is an exceptional investment opportunity you won’t want to miss.
This prime property features a diverse unit mix: (1) 1 Bed, 2 Bath, (1) 1 Bed, 1 Bath, and (3) Studio units. The detached garage offers a fantastic opportunity to convert into a 1 Bed, 1 Bath ADU with minimal capital expenditure, making this a highly flexible and lucrative investment. Spanning approximately 2,880 square feet on a 0.24-acre lot, it provides comfortable living spaces for tenants while offering investors a steady stream of rental income.
What truly sets 630 S 8th St apart is its unbeatable location. Just two blocks from San Jose State University, this property is a magnet for students seeking proximity and convenience. Its low vacancy rate, high rental demand, and potential for cost-effective ADU conversion make it an ideal choice for savvy investors.
The location is second to none! You’re less than a mile from the bustling San Pedro Square and enjoy seamless access to major highways 280, 101, and 680, connecting you to all that San Jose has to offer. Additionally, you’ll be close to major employers such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and Apple Headquarters.
Investing in one of San Jose’s most desirable neighborhoods is a rare opportunity. Contact The R&Z Group of Compass Commercial today to schedule a viewing and secure 630 S 8th St as your next exceptional investment!
The cap rate reflects Pro-Forma + $50,000 1 Bed 1 Bath ADU.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$140,760	$48.88
Taxes	$19,476	$6.76
Operating Expenses	$22,467	$7.80
Total Expenses	$41,943	$14.56
Net Operating Income	$98,817	$34.31

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$140,760
Annual Per SF	$48.88

Taxes
Annual	$19,476
Annual Per SF	$6.76

Operating Expenses
Annual	$22,467
Annual Per SF	$7.80

Total Expenses
Annual	$41,943
Annual Per SF	$14.56

Net Operating Income
Annual	$98,817
Annual Per SF	$34.31

Property Facts

Price	$1,695,000	Building Class	C
Price Per Unit	$339,000	Lot Size	0.21 AC
Sale Type	Investment	Building Size	2,880 SF
Cap Rate	5.66%	Average Occupancy	100%
Gross Rent Multiplier	12.4	No. Stories	1
No. Units	5	Year Built	1922
Property Type	Multifamily	Parking Ratio	1.74/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$1,695,000
Price Per Unit	$339,000
Sale Type	Investment
Cap Rate	5.66%
Gross Rent Multiplier	12.4
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.21 AC
Building Size	2,880 SF
Average Occupancy	100%
No. Stories	1
Year Built	1922
Parking Ratio	1.74/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.