San Jose Multifamily Investment
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2041 Beatrice Court, San Jose, CA 95128
12-unit multifamily property in San Jose, California.
Property Size6,104 SF
Lot Size0.31 Acres
Price / SF$540.63
Days on Market244
Property Features for 2041 Beatrice Court
General Information
Standard status
Active
Size
6,104 SF
Lot size
0.31 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Institutional
Building Details
Year Built
1957
Units
12
Listing Agency:
Marcus & Millichap - Palo Alto
Listed By:
Yuri Sergunin, CCIM · License #01908322
(650) 391-1764
Source:
Crexi
Added: Feb 14
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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
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Investment Insights
Based on property information with market context.
2041 Beatrice Court presents an opportunity to acquire a 12-unit multifamily property in San Jose, California, within Santa Clara County. The 6,104 square foot building, constructed in 1957, is situated on a 13,500 square foot (0.31-acre) parcel. This asset benefits from its location and proximity to major employment centers, key transportation corridors, and neighborhood amenities. San Jose is a supply-constrained housing market, supported by job growth, high household incomes, and limited new housing production. The offering represents an attractive acquisition for both private and institutional multifamily investors seeking long-term exposure to Silicon Valley fundamentals. 2041 Beatrice Court provides a strategic opportunity to secure a scalable multifamily asset in one of the most desirable investment markets in the United States.
Key Highlights
- Located in San Jose, California, in Santa Clara County, offering access to strong Bay Area rental demand.
- Infill location provides proximity to major employment centers and key transportation corridors.
- Represents a scalable multifamily asset in a desirable investment market.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,963
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,539,260
$2.5M
Cap Rate 7%
$1,813,757
$1.8M
Cap Rate 9%
$1,410,700
$1.4M
Market Conditions
NOI Build-Up for 6,104 SF
Gross rent
$241.7K $39.60/SF
− Vacancy
−$10.9K −$1.78/SF
EGI
$230.8K $37.82/SF
− OpEx
−$103.9K −$17.02/SF
NOI
$127.0K $20.80/SF
Area
San Jose, CA
Vacancy
4.50%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,539,260
Cap Rate 7%
$1,813,757
Cap Rate 9%
$1,410,700
Alternative Uses
Best Use
Apartment 5plus
$1.81M
$1.59M – $2.12M
NOI $126,963 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.23M – $4.30M
NOI $258,047 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,212
Businesses Nearby
Explore this area
Business Placement
Demographics for 95128, CA
34,776
Population
15,193
Households
2.3
Avg Household Size
38
Median Age
52%
College-Educated
90%
High-School Grad
3.9 sq mi
ZIP Area
8,917
Density / Sq Mi
$122,647
Median Household Income
$71,504
Median Earnings
$2,505
Median Rent
$1,214,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 12-unit multifamily property in San Jose, California.
Where is this apartment building located?
The property is located at 2041 Beatrice Court San Jose, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Located in San Jose, California, in Santa Clara County, offering access to strong Bay Area rental demand.; Infill location provides proximity to major employment centers and key transportation corridors.; Represents a scalable multifamily asset in a desirable investment market.
