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    423 26Th St San Jose, CA 95116

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    For Sale
    $4,200,000

    14-unit apartment building with attractive assumable financing and upside potential.

    Property size:
    10,360 SF

    Property Features for 423 26Th St

    General Information

    Standard status
    Active
    Size
    10,360 SF

    Building Details

    Year built
    1959

    Source: MARCUS & MILLICHAP Agent MICHAEL HENSHAW

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Julian West Apartments For Sale

    The Julian West Apartments, located at 423 N 26th Street, features 14 units, including seven 1-bedroom/1-bathroom units and seven 2-bedroom/1-bathroom units. The property has a current cap rate of 5.66 and a gross rent multiplier (GRM) of 11.64. Attractive assumable financing is available at 2.84%. The property offers excellent in-place cash flow with tremendous upside potential. The subject property is being offered with an additional 13-unit property at 445 N 26th Street. The property is a low-density property situated on a large lot with exquisitely manicured landscaping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fredy mecanico Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.8717363
    Latitude
    37.3530846

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    FAQs

    What type of property is this?
    Apartment building - 14-unit apartment building with attractive assumable financing and upside potential.
    Where is this apartment building located?
    The property is located at 423 26Th St San Jose, CA.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - Attractive assumable financing at 2.84%; - Excellent in-place cash flow with tremendous upside potential; - Offered with adjacent 13-unit property at 445 N 26th Street
    Request Owner's contact information
    423 26Th St San Jose, CA 95116
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    San Jose, CA 95116
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    423 26Th St San Jose, CA 95116
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