2131 Marlboro Ct “The Property” is an 11-unit multifamily asset in the heart of
San Jose, California. The property consists of well-maintained rental units with
6,972 rentable square feet, averaging approximately 634 square feet per unit.
Built in the 1950s, this property has been substantially renovated and improved.
Ownership has recently taken care of any deferred maintenance items.
The property achieves strong in-place rents of $1,863 per unit, or $2.94 per
square foot, supported by robust market fundamentals and a high-demand rental
environment. This presents a compelling opportunity for investors to acquire a
stable, income-generating asset in a thriving market.
Additional value-add upside can be achieved through programmatic renovations
through all 11 units. They are currently lightly upgraded and well maintained but
rents can be recaptures with additional ~$10k in per unit improvements.