445 26th Street, San Jose, CA 95116
13-unit apartment building with assumable financing and upside potential.
- Added:
- Apr 22, 2025
- Days on Market:
- 418
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 445 26th Street
General Information
- Standard status
- Active
- Size
- 10,260 SF
Building Details
- Year Built
- 1959
Listing agent MICHAEL HENSHAW
Listing office MARCUS & MILLICHAP
Listing date Apr 22, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP
HighLights
- Attractive assumable financing at 2.84%
- Excellent in‑place cash flow with tremendous upside potential
- Offered with adjacent property at 423 N 26th Street (total 26 units)
- Current Cap Rate of 5.79 and 11.42 GRM
- Low density property with large lot
- Exquisitely manicured landscaping
Overview
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 | $406.3k | $39.60 |
| − Vacancy | −$18.3k | −$1.78 |
| EGI | $388.0k | $37.82 |
| − OpEx | −$174.6k | −$17.02 |
| NOI | $213.4k | $20.80 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.872
- Latitude
- 37.3535
