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.