12-Unit Apartment
439-441 South 5th Street San Jose, CA 95112
For Sale
$4,150,000
Twelve all-two-bedroom units with individually metered water, gas, and electric.
Property Size6,828 SF
Price / SF$607.79
Days on Market101
Property Features for 439-441 South 5th Street
General Information
- Standard status
- Active
- Size
- 6,828 SF
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1957
Listing Agency:
Marcus & Millichap
(408) 888-9594
Listed By:
Mitchell Zurich · License #01870648
(408) 888-9594
Source:
Compass
Added: Apr 14
Changed: Jul 21
Last Checked: Jul 23 at 10:59AM
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
Investment Insights
Based on property information with market context.
Veridian on 5th is a 12-unit apartment community featuring an all-two-bedroom unit mix. The property includes individually metered water, gas, and electric, which can help allocate utilities and streamline operating management. Unit layouts are designed to support roommate and student-style living preferences.
The property is located across the street from San Jose State University, with proximity to Downtown San Jose and San Pedro Square within approximately 0.5 miles. It is also near Diridon Station, providing access to Caltrain, ACE, and future BART service.
A full marketing package is available upon request.
The property is located across the street from San Jose State University, with proximity to Downtown San Jose and San Pedro Square within approximately 0.5 miles. It is also near Diridon Station, providing access to Caltrain, ACE, and future BART service.
A full marketing package is available upon request.
Key Highlights
- 12‑unit apartment community built in 1957 with an all two‑bedroom unit mix
- Across the street from San Jose State University with walkable access to campus
- Individually metered water, gas, and electric for each unit
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 | $270.4k | $39.60 |
| − Vacancy | −$12.2k | −$1.78 |
| EGI | $258.2k | $37.82 |
| − OpEx | −$116.2k | −$17.02 |
| NOI | $142.0k | $20.80 |
6,828 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.03M
$1.78M – $2.37M
NOI $142,022 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.12M
$3.61M – $4.81M
NOI $288,655 @ 7.0% cap · market cap 6.96%
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 - Twelve all-two-bedroom units with individually metered water, gas, and electric.
Where is this apartment building located?
The property is located at 439-441 South 5th Street San Jose, CA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: 12‑unit apartment community built in 1957 with an all two‑bedroom unit mix; Across the street from San Jose State University with walkable access to campus; Individually metered water, gas, and electric for each unit
