Seven-Unit Multifamily
For Sale
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27 Topeka Ave, San Jose, CA 95128
A 7-unit multifamily property with two units currently occupied and additional vacant units available.
Property Size5,625 SF
Price / SF$328.89
Days on Market212
Property Features for 27 Topeka Ave
General Information
Standard status
Active
Size
5,625 SF
Class
C
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
R1-N2
Occupancy
29%
Investment Type
Value Add
Site & Location
Neighborhood
Burbank
Additional Details
Multifamily Units
7
Building Details
Year Built
1953
Year Renovated
2024
Buildings
2
Stories
2
Units
7
Listing Agency:
Key Opp
Listed By:
KeyOpp Group · License #02167546
Source:
Crexi
Added: Mar 26
Changed: Oct 7
Last Checked: Oct 23 at 5:26AM
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 Key Opp
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Investment Insights
Based on property information with market context.
27 Topeka Ave is a 7-unit multifamily property in San Jose, CA. The asset is currently underutilized, with two units occupied and the remaining units vacant, creating immediate leasing opportunities for an owner-operator or investor.
The property is situated in a well-established San Jose neighborhood near major retail at Santana Row, along with employment centers, universities, and transportation corridors.
For a buyer looking to put units back into service, this configuration supports straightforward near-term steps to stabilize occupancy by leasing the vacant units.
The property is situated in a well-established San Jose neighborhood near major retail at Santana Row, along with employment centers, universities, and transportation corridors.
For a buyer looking to put units back into service, this configuration supports straightforward near-term steps to stabilize occupancy by leasing the vacant units.
Key Highlights
- 27 Topeka Avenue is a 7‑unit multifamily property in San Jose
- Year built: 1953
- Currently, 2 units are occupied and additional units are vacant and available for lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,999
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,339,980
$2.3M
Cap Rate 7%
$1,671,414
$1.7M
Cap Rate 9%
$1,299,989
$1.3M
Market Conditions
NOI Build-Up for 5,625 SF
Gross rent
$222.8K $39.60/SF
− Vacancy
−$10.0K −$1.78/SF
EGI
$212.7K $37.82/SF
− OpEx
−$95.7K −$17.02/SF
NOI
$117.0K $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%
$2,339,980
Cap Rate 7%
$1,671,414
Cap Rate 9%
$1,299,989
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,999 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,798 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
7
Residential units
28.6%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,050
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 7-unit multifamily property with two units currently occupied and additional vacant units available.
Where is this apartment building located?
The property is located at 27 Topeka Ave San Jose, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 27 Topeka Avenue is a 7‑unit multifamily property in San Jose; Year built: 1953; Currently, 2 units are occupied and additional units are vacant and available for lease‑up
