San Jose Multifamily Investment
354 5th Street San Jose, CA 95112
354 5th Street, San Jose, CA, 95112
$2,150,000
For Sale
$2,150,000
Well-maintained 8-unit property near Japantown, Downtown San Jose, and SJSU.
Property Size3,904 SF
Price / SF$550.72
Days on Market141
Property Features for 354 5th Street
General Information
- Standard status
- Active
- Size
- 3,904 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing Agency
COMPASS
(650) 941-1111
Listed by
JOSEPH YEN
Source
Corcoran
Added: Mar 2 Updated: Jul 6 at 10:16 am Checked: Jul 19 at 4:49 am
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 COMPASS
Investment Insights
Based on property information with market context.
This well-maintained 8-unit multifamily property is located in central San Jose, a few blocks from Japantown, Downtown San Jose, and San Jose State University. The property consists of eight 1 bed/1 bath units, offering rental income potential. Features include double pane windows and newer water heaters. The property provides covered parking spaces with tenant storage lockers, and a coin-operated laundry room. Situated in the heart of Silicon Valley, the location offers proximity to major tech employers, retail, restaurants, and San Jose Mineta International Airport. Public transportation and Highways 87/101/280/880 are easily accessible. The property size is 3,904 square feet, presenting a strong cash flow opportunity.
Key Highlights
- Strong cash flow from eight 1 bed/1 bath units.
- Prime location near Japantown, Downtown San Jose, and San Jose State University.
- Convenient access to major highways (87/101/280/880) and public transportation.
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 | $154.6k | $39.60 |
| − Vacancy | −$7.0k | −$1.78 |
| EGI | $147.6k | $37.82 |
| − OpEx | −$66.4k | −$17.02 |
| NOI | $81.2k | $20.80 |
3,904 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.02M – $1.35M
NOI $81,203 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,042 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Open SaysMe
Computer & Electronic Repair
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FAQs
What type of property is this?
Apartment building - Well-maintained 8-unit property near Japantown, Downtown San Jose, and SJSU.
Where is this apartment building located?
The property is located at 354 5th Street San Jose, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Strong cash flow from eight 1 bed/1 bath units.; Prime location near Japantown, Downtown San Jose, and San Jose State University.; Convenient access to major highways (87/101/280/880) and public transportation.
