3061 David Ave — Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95128

Photos

3061 David Ave — Sale in San Jose, CA, photo 1 of 2
3061 David Ave — Sale in San Jose, CA, photo 2 of 2

Investment Figures

Cap rate
5.69%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 3061 David Avenue, a 6-unit multifamily property located in San Jose, California. Originally constructed in 1958, the asset sits on an approximately 6,600 square foot parcel and features a 2,910 square foot building. The property is comprised entirely of one-bedroom/one-bath units, offering a consistent and efficient unit mix that caters well to individual renters and couples seeking quality housing in a desirable Silicon Valley location. The building’s straightforward layout and manageable scale provide for ease of operation while maintaining a strong history of occupancy. Investment Highlights: • Prime West San Jose Location • Ideally Positioned Between Downtown Campbell and Santana Row • Average In-Place Rents of Approximately $2,033 Per Unit

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Jose, CA — view the full market.

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