3538 Alden Way — Sale in San Jose, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: San Jose, CA 95117

Investment Figures

Cap rate
5.01%

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

This offering presents the opportunity to acquire a well-maintained five-unit apartment building located in a highly desirable Silicon Valley location near major retail, employment centers, and transportation corridors. The property consists of large two-bedroom/one-bathroom units, each featuring either an enclosed patio or a spacious balcony, providing desirable living space for tenants. The property has undergone several recent capital improvements, including new windows, landscaping, irrigation system, water heater, gutters, and heaters, reducing near-term maintenance expenses for a new owner. Units are individually metered for electricity and natural gas, while water is on a master meter, allowing for potential expense recovery strategies. The property offers ample parking with carport spaces for all units in addition to four open parking spaces, an attractive amenity in this high-demand rental market. The location is less than one mile from Westfield Valley Fair and Santana Row, two of the area’s premier shopping, dining, and entertainment destinations, and provides convenient access to Interstate 280 via Saratoga Avenue and Winchester Boulevard. Overall, the property represents a strong investment opportunity with stable in-place income, a desirable unit mix, recent improvements, and excellent long-term rental demand driven by its prime Silicon Valley location. Investment Highlights: • New windows, parking lot, landscaping, irrigation system, water heater, gutters, and heaters • Less than one mile from Westfield Valley Fair and Santana Row • Easily accessible from Interstate 280 at Saratoga Avenue and Winchester Boulevard

Market Context

This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in San Jose, CA — view the full market.

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