315 E San Fernando St - Apartments FOR SALE


San Jose, CA 95112- Sun
$10,000,000 USD
408-483-5040
315 E San Fernando St, San Jose, CA for Sale
$10,000,000 USD
Apartments - FOR SALE
1/19
null | 5.37% Cap Rate

315 E San Fernando St
San Jose, CA 95112
Sun


HIGHLIGHTS

  • Prime Downtown Location: Situated at 315 E San Fernando St, steps from San Jose State University and near the future Google Downtown West campus.
  • Well-Built Asset: 30-unit podium-style building with concrete target story and Type III construction, offering enhanced durability and fire resistance
  • Generous Unit Mix: 29 spacious two-bedroom, 1.5-bath units and one two-bedroom, one-bath unit totaling 27,552 SF of living space.
  • High Rental Demand: Walkable to restaurants, retail, transit, and major employers—ideal for students and young professionals.
  • Strong Investment Fundamentals: Located in Silicon Valley’s job growth hub, offering stable income and long-term appreciation potential.

OVERVIEW

Jimmy Castellanos is pleased to present El Dorado Apartments, a rare opportunity to acquire a high-quality multifamily asset across from San Jose State University. Located at 315 East San Fernando Street, this well-positioned property features 29 spacious two-bedroom, 1.5-bath units and one two-bedroom, one-bath unit. The building totals 30 units, offering approximately 27,552 square feet of living space on an 18,870-square-foot lot. Built in 1962, El Dorado Apartments is considered Type III construction and features a podium-style design, with a concrete target story providing enhanced fire resistance and structural integrity. This style of construction is more durable and costly to build, offering long-term value through concrete materials versus wood frame. With generous unit sizes, superior construction, and a desirable downtown location, the property delivers the ideal blend of convenience, durability, and strong rental demand.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$228 USD /SF

# OF UNITS

30

PRICE/UNIT

$333,333

CAP RATE

5.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

El Dorado Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,044 SF

ZONING

C

APN/PARCEL ID

467-24-109

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.