3184 Cadillac Dr - Apartments FOR SALE


San Jose, CA 95117- Cadillac East
$3,200,000 USD
408-893-8063
3184 Cadillac Dr, San Jose, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/7
null | 5.69% Cap Rate

3184 Cadillac Dr
San Jose, CA 95117
Cadillac East


HIGHLIGHTS

  • 45% of the units have been remodeled with permits within the last 2 years
  • Within 2 Miles of The Pruneyard Shopping Center, Downtown Campbell, Westfield Valley Fair, and Santana Row
  • SB 721 Compliant

OVERVIEW

OPEN HOUSE: Friday, March 28th from 11:00am to 1:00pm 3184 Cadillac Dr (the Property) is a two-story multifamily asset built in 1958 situated on a 0.21 acre lot and comprised of nine (9) well-maintained units. The Property boasts 6,258 rentable square feet and features four (4) one bedroom / one-bathroom and five (5) two bedroom / one bathroom floorplans. The Property’s premiere location generates premium rents and strong demand from renters, and also offers investors the rare opportunity to purchase an investment property with an above market cap rate of 5.69% on trailing numbers. Perfectly situated in between Interstate 280 and Highway 85 this asset is conveniently located and provides tenants the flexibility to commute to their jobs as needed. Additionally, the property is less than 10 minutes away from The Pruneyard Shopping Center which offers residents ample dining, shopping, and entertainment opportunities. Please reach out to the CBRE Listing Team for additional information.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$366 USD /SF

# OF UNITS

9

PRICE/UNIT

$355,556

CAP RATE

5.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R3, San Jose

APN/PARCEL ID

305-03-009

ASK ABOUT THIS PROPERTY

Adam FoleyCBREMore Info
408-893-8063

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Adam FoleyCBREMore Info
408-893-8063

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