San Jose Multifamily Investment
5390 Carryback Ave San Jose, CA 95111
5390 Carryback Ave, San Jose, CA, 95111
$4,600,000
For Sale
$4,600,000
14-unit multifamily community in San Jose, built in 1980.
Property Size12,292 SF
Lot Size0.63 Acres
Price / SF$374.23
Days on Market111
Property Features for 5390 Carryback Ave
General Information
- Standard status
- Active
- Size
- 12,292 SF
- Lot size
- 0.63 Acres
- Property subtype
- Multifamily
Listing agency
Marcus & Millichap - Palo Alto
(650) 391-1777
Listed by
Jimmy Castellanos · License #License(s): CA: 02024152
(650) 391-1777
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 17 at 2:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Palo Alto
Investment Insights
Based on property information with market context.
Located in San Jose, this multifamily community at 5390 Carryback Avenue presents an investment opportunity in the Silicon Valley area. Constructed in 1980, the property consists of 14 units with approximately 12,292 square feet of rentable space. The buildings are situated on a 27,500 square foot parcel and include three detached structures: two six-unit apartment buildings and one two-unit townhouse-style building. The unit mix includes two three-bedroom, two-bath units with in-unit laundry, two two-bedroom, one-bath townhouse-style units with in-unit laundry, and ten two-bedroom, one-bath apartment units.
Key Highlights
- Located in San Jose, a gateway to Silicon Valley's innovation and employment base.
- Desirable unit mix including two 3‑bedroom/2‑bath units and two 2‑bedroom townhouse‑style units, all with in‑unit laundry.
- Consists of 14 units in three detached buildings.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $545.8k | $44.40 |
| − Vacancy | −$24.6k | −$2.00 |
| EGI | $521.2k | $42.40 |
| − OpEx | −$234.5k | −$19.08 |
| NOI | $286.7k | $23.32 |
12,292 SF · lease $44.40/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.10M
$3.58M – $4.78M
NOI $286,663 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.38M
$6.46M – $8.61M
NOI $516,560 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - 14-unit multifamily community in San Jose, built in 1980.
Where is this apartment building located?
The property is located at 5390 Carryback Ave San Jose, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Located in San Jose, a gateway to Silicon Valley's innovation and employment base.; Desirable unit mix including two 3‑bedroom/2‑bath units and two 2‑bedroom townhouse‑style units, all with in‑unit laundry.; Consists of 14 units in three detached buildings.
