Description

Marcus & Millichap is pleased to present the investment opportunity located at 1073 N 5th Street in San Jose, California. Long-term renter appeal for this asset is anchored by proximity to major employers, key transportation corridors, and numerous lifestyle amenities. The attractive, four-unit apartment complex is situated on a parcel of land totaling 0.13 acres and features a gross building area of approximately 1,680 square feet. Built in 1954, the property benefits from a world-class location near Downtown San Jose in the renown Silicon Valley region. Residents enjoy direct access to many of the nations top tech employers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. Likewise, the multifamily building sits near Santa Clara University, ranked 56th among undergraduate nationwide, and San Jose State University, ranked third among public universities nationwide. Additionally, the property is just a few blocks from multiple travel corridors, including Highways 87, 880, and 101. Overall, the property presents an attractive choice for multifamily investors thanks to its premier location combined with San Joses strong employment fundamentals and low vacancy levels.