357 Willow St - Apartments FOR SALE


San Jose, CA 95110- Washington-Guadalupe
$2,698,000 USD
510-304-8077
357 Willow St, San Jose, CA for Sale
$2,698,000 USD
Apartments - FOR SALE
1/14
null | 6.06% Cap Rate

357 Willow St
San Jose, CA 95110
Washington-Guadalupe


HIGHLIGHTS

  • Investors have the opportunity to acquire an exceptional multifamily asset located in the thriving city of San Jose.
  • 357 Willow St has recently completed the installation of a new LG solar energy system. Total capital expenditure for this project exceed $135k.
  • This upgrade features a new PVC membrane roof, a new 15.3kW LG Solar Electric System, and an upgraded 225A electrical system.
  • 357 Willow St has undergone recent capital improvements including new exterior paint and installation of double-pane windows.
  • Buyers have the opportunity to acquire a multifamily asset with high potential cash flow by increasing rents to market premiums.
  • 357 Willow St sits near Downtown San Jose, Downtown Willow Glen and is within close proximity to the Target anchored San Jose Market Center.

OVERVIEW

357 Willow St is an exceptional 10-unit investment opportunity located in the thriving city of San Jose, California. Situated on a parcel of land totaling 6,302 square feet, the subject property features a gross building area of approximately 4,500* square feet, offering tenants beautifully designed one-bedroom floor plans. The subject property provides tenants with convenient amenities such as private parking and an on-site laundry facility. 357 Willow St has also recently undergone extensive capital improvements including new exterior paint, installation of dual-pane windows, and various upgrades to meet local fire codes. Furthermore, the subject property has recently completed the installation of a new solar energy system. This upgrade features a new PVC membrane roof, a new 15.3kW LG Solar Electric System with 45 LG 340W solar panels, and an upgraded 225A electrical system. Total capital expenditure for this project exceed $135k. The subject property sits near Downtown San Jose, Downtown Willow Glen and is within close proximity to the Target anchored San Jose Market Center, all being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 357 Willow St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$2,698,000 USD

PRICE/SF

$732 USD /SF

# OF UNITS

10

PRICE/UNIT

$269,800

CAP RATE

6.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,302 SF

ZONING

C2

APN/PARCEL ID

264-40-067

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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