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1264 Whitton AVE San Jose, CA 95116
5,357 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82061891
HOA Y/N No
Year Built 1962
Annual Tax Amount $6,525
Lot Size 5,357 Sqft
Property Description
Welcome to 1264 Whitton Ave, San Jose, CA a 7-unit multifamily investment opportunity with a current NOI of $111,445 and a 6.76% in-place cap rate, representing an approximate $1.65M valuation and $235,400 per unit based on the current cap rate. The property offers an established income stream, a diverse unit mix, and potential for future income growth. The property consists of seven residential units, including three 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one studio, providing a diversified mix designed to appeal to a broad range of tenants. Current annual rental income is approximately $134,076. Current rents are below market, providing an opportunity for an investor to evaluate future rent growth and potential NOI enhancement over time, subject to applicable California and local rent-control requirements, tenant protections, existing leases, and market conditions. With $111,445 in current NOI, a 6.76% cap rate, approximately $235,400 per unit, seven units, and below-market rents, 1264 Whitton Ave offers investors an opportunity to acquire an established San Jose multifamily asset with current cash flow and potential for increased income over time.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning LI
Interior
Fireplace No
Exterior
Carport Spaces 3
Roof Type Shingle
Total Parking Spaces 3
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46735015
Special Listing Condition Standard
Listed by Patrick Carvalho Fathom Realty Group #02136374