1136 Brace Ave, San Jose, CA 95125

15 Unit Apartment Building | $6,000,000 ($400,000/Unit) | 4.14% Cap Rate | San Jose, CA 95125

Asking Price $6,000,000

Property Type
Multifamily
Square Feet
14,457 SF

Listing Contacts

Bob Taylor
Kristine Lyng

Property Overview

Located just steps away from downtown Willow Glen, 1136 Brace Avenue in San Jose is a rare investment opportunity with strong market fundamentals. This multi-family building was built in 1966 and is now on the market for the first time in over a twenty years.
Comprising fifteen (15) units, the property features amenities such as a pool, covered parking, and on-site coin-operated laundry facilities, catering to tenant needs and enhancing rental income potential. With its stable rental history and potential for value-add through strategic upgrades, investors can benefit from immediate cash flow and long-term appreciation potential in Willow Glen’s thriving real estate market.

Property Details

Class
C
Year Built
1966
Stories
2
Lot Size (sq. ft)
24,394 SF
Units
15

Highlights

  • Prime Location: One block from Downtown Willow Glen
  • Established Property: Well-maintained building with a solid rental history
  • Diverse Unit Mix: Catering to various tenant needs with a mix of 1-bedroom and 2-bedroom units
  • Income Generation: Pool and covered parking amenities enhance tenant satisfaction and rental income potential
  • On-Site Laundry: Convenience for tenants and an additional source of income for property owners

FAQ

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