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832 Deland 832 Deland Ave

6 Unit Apartment Building $1,825,000 ($304,167/Unit) 3.69% Cap Rate San Jose, CA 95128

Investment Highlights

  • Spacious units that average over 500 sq ft each per county record.
  • On-site laundry allows for an additional source of revenue.
  • Building has been updated with dual pane windows.
  • Units have a kitchen and living room.
  • Stairs, handrail, and walkway were replaced in 2020.

Executive Summary

832 Deland Ave. is a 6 unit multifamily property located in San Jose. The unit mix consists of (6) 1 bedroom / 1 bathroom that are approximately 585 sq ft each. The property sits on a 0.15 acres (or 6,440 sq ft) lot. Among the amenities are ample parking and easy access to most points of interest in the South Bay. The property has undergone numerous improvements in recent years including a complete remodel of unit 3, replacement of the deck/stairs/handrails, and upgraded copper plumbing.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,825,000
Price Per Unit $304,167
Sale Type Investment
Cap Rate 3.69%
Gross Rent Multiplier 15.35
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 3,510 SF
Average Occupancy 100%
No. Stories 2
Year Built 1960
Parking Ratio 1/1,000 SF

Unit Amenities

  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Carpet
  • Smoke Free

Site Amenities

  • Laundry Facilities
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 6 $1,675 585
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
282-37-030
Land Assessment
$428,726 (2023)
Improvements Assessment
$696,684 (2023)
Total Assessment
$1,125,410 (2023)

zoning

Zoning Code R3, City of San Jose
R3, City of San Jose
  • Listing ID: 33585571

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 832 Deland Ave, San Jose, CA 95128

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