San Jose Multifamily Investment
5390 Carryback Avenue, San Jose, CA 95111
For Sale
$4,600,000
14-unit multifamily property in South San Jose, built in 1980.
Property Size12,292 SF
Lot Size0.63 Acres
Price / SF$374.23
Days on Market283
Property Features for 5390 Carryback Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Amenities
Carport(s)
Coin Operated Laundry
Foam Roof
Gas Heating
Off Street Parking
Wall Furnace Heating
Building Details
Year Built
Listing Agency:
MARCUS & MILLICHAP
(650) 391-1700
Listed By:
JIMMY CASTELLANOS · License CA #02024152
(408) 483-5040
Source:
Corcoran
Added: Feb 5
Changed: Aug 22
Last Checked: Aug 22 at 10:06AM
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
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Investment Insights
Based on property information with market context.
This 14-unit multifamily community, built in 1980, is located in South San Jose, offering access to Silicon Valley. The property consists of approximately 12,292 square feet of rentable space on a 27,500 square foot parcel. It features three detached buildings: two six-unit apartment buildings and one two-unit townhouse-style structure. The unit mix includes two three-bedroom, two-bath units with in-unit laundry, two two-bedroom, one-bath townhouse-style units with in-unit laundry, and ten two-bedroom, one-bath apartment units.
Key Highlights
- Strong In‑Place Cap Rate of 5.45%
- Desirable Unit Mix: Includes two 3‑bedroom/2‑bath units and two 2‑bedroom townhouse‑style units, all with in‑unit laundry.
- Located in South San Jose, a gateway to Silicon Valley's innovation and employment base.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$286,663
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,733,260
$5.7M
Cap Rate 7%
$4,095,186
$4.1M
Cap Rate 9%
$3,185,144
$3.2M
Market Conditions
NOI Build-Up for 12,292 SF
Gross rent
$545.8K $44.40/SF
− Vacancy
−$24.6K −$2.00/SF
EGI
$521.2K $42.40/SF
− OpEx
−$234.5K −$19.08/SF
NOI
$286.7K $23.32/SF
Area
ZIP 95111
Vacancy
4.50%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,733,260
Cap Rate 7%
$4,095,186
Cap Rate 9%
$3,185,144
Alternative Uses
Best Use
Apartment 5plus
$4.10M
$3.58M – $4.78M
NOI $286,663 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.38M
$6.46M – $8.61M
NOI $516,560 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Explore this area
Business Placement
Demographics for 95111, CA
60,593
Population
16,303
Households
3.7
Avg Household Size
36
Median Age
20%
College-Educated
72%
High-School Grad
5.8 sq mi
ZIP Area
10,447
Density / Sq Mi
$97,162
Median Household Income
$43,577
Median Earnings
$1,954
Median Rent
$826,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in San Jose, CA
Properties on Market for Apartment buildings in San Jose
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 14-unit multifamily property in South San Jose, built in 1980.
Where is this apartment building located?
The property is located at 5390 Carryback Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Strong In‑Place Cap Rate of 5.45%; Desirable Unit Mix: Includes two 3‑bedroom/2‑bath units and two 2‑bedroom townhouse‑style units, all with in‑unit laundry.; Located in South San Jose, a gateway to Silicon Valley's innovation and employment base.
