About 780 Deland Ave
Excellent opportunity to acquire a well positioned six unit multifamily property in a desirable San Jose location. The property offers an attractive unit mix of three 2 bedroom units, two 1 bedroom units, and 1 studio. The property generates $172,284 in gross rental income and offers over a 5% cap rate based on listed income and expenses. Recent capital improvements include a new roof, new main electrical panel, upgraded electrical subpanels, and a new water heater reducing near term capital expenditures for the next owner. Additional features include covered parking spaces, individually metered gas and electricity, and on site coin laundry. A compelling opportunity for investors seeking established income, a strong unit mix, significant recent improvements, and long term appreciation potential in the heart of Silicon Valley. Offering memorandum and financial information available upon request. Please do not disturb tenants.
Features of 780 Deland Ave
| MLS® # | ML82059224 |
|---|---|
| Price | $2,200,000 |
| Square Footage | 4,307 |
| Acres | 0.15 |
| Year Built | 1961 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 780 Deland Ave |
|---|---|
| Area | Central San Jose |
| City | SAN JOSE |
| County | Santa Clara |
| State | CA |
| Zip Code | 95128 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Garages | Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | Other |
| Fireplace | No |
Exterior
| Roof | Other |
|---|---|
| Foundation | Other |
Additional Information
| Zoning | RM |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Coldwell Banker Realty |
|---|---|
| Contact Info | 415-941-9875 |