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… Read More 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. Read Less
Listed by: Fathom Realty Group, Patrick Carvalho 925-457-7161
Listing Snapshot
Days Online
12
Last Updated
Property Type
Five Or More Units
Square Ft.
3,084
Lot Size
0.12 Acres
Year Built
1962
MLS Number
ML82061891
30 Days Snapshot Of 95116
$770k
-7%
(avg) sold price
15
+50%
homes sold
34
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 5360.00, Max Area Units: Square Feet, Lot is 0.12304866850321 acres
Accessibility Features
None
Unit One
Rent: $1,650, 2 bedrooms
Unit Two
Rent: $1,648, bedroom 1
Unit Three
Rent: $1,100
Building
3,084 structure square feet, Age: 64, Built in 1962, 1 building, 7 minimum units in complex
Cooling
Other
Foundation
Concrete Perimeter
Garage
Assigned Spaces, Carport
Water Features
Public
Heating
Other
Tenant Pays
Other
Miscellaneous
Total expenses: 22131
Parking
3 parking spaces
Property
Zoning: LI
Roof
Shingle
Security Features
Fire Alarm
Taxes
Annual tax amount: $6,525
Sewer
Sewer - Public
Utilities
Master Electric, Separate Common Area, Separate Gas, Separate Water, Public Utilities
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