Seven-Unit Multifamily
27 Topeka Ave San Jose, CA 95128
For Sale
Contact for pricing
A 7-unit multifamily property with two units currently occupied and additional vacant units available.
Property Size5,625 SF
Price / SF$373.33
Days on Market121
Property Features for 27 Topeka Ave
General Information
- Standard status
- Active
- Size
- 5,625 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1953
Listing Agency:
Key Opp
Listed By:
KeyOpp Group · License #02167546
Source:
Crexi
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 8:04AM
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
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 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 | $222.8k | $39.60 |
| − Vacancy | −$10.0k | −$1.78 |
| EGI | $212.7k | $37.82 |
| − OpEx | −$95.7k | −$17.02 |
| NOI | $117.0k | $20.80 |
5,625 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,999 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.40M
$2.97M – $3.96M
NOI $237,798 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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 $2,100,000.
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
