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San Jose Multifamily Investment Opportunity

5390 Carryback Ave, San Jose, CA 95111

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For Sale

$4,600,000

14-unit multifamily community in San Jose, built in 1980.

Type:Multifamily

Property size:

12,292 SF

Lot size:

0.63 Acres

Price / SF:

$374/SF

HighLights

Located in San Jose, a gateway to Silicon Valley's innovation and employment base.
Desirable unit mix including two 3‑bedroom/2‑bath units and two 2‑bedroom townhouse‑style units, all with in‑unit laundry.
Consists of 14 units in three detached buildings.
Built in 1980.
Property comprises approximately 12,292 square feet of rentable space.
Situated on a 27,500 square foot parcel.

We can help!

Listing Contact

Jimmy Castellanos

Learn more

For Sale

$4,600,000

14-unit multifamily community in San Jose, built in 1980.

Type:Multifamily

Property size:

12,292 SF

Lot size:

0.63 Acres

Price / SF:

$374/SF

Added:: Apr 3, 2026
Days on Market:: 67
Last Refresh:: Apr 3 at 5:19 am

Property Features for 5390 Carryback Ave

General Information

Standard status: Active
Size: 12,292 SF
Lot size: 0.63 Acres
Property subtype: Multifamily

We can help!

Listing Contact

Jimmy Castellanos

Listing agent Jimmy Castellanos License #CA: 02024152

Listing office Palo Alto Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Palo Alto Office

HighLights

Located in San Jose, a gateway to Silicon Valley's innovation and employment base.
Desirable unit mix including two 3‑bedroom/2‑bath units and two 2‑bedroom townhouse‑style units, all with in‑unit laundry.
Consists of 14 units in three detached buildings.
Built in 1980.
Property comprises approximately 12,292 square feet of rentable space.
Situated on a 27,500 square foot parcel.

Overview

Located in San Jose, this multifamily community at 5390 Carryback Avenue presents an investment opportunity in the Silicon Valley area. Constructed in 1980, the property consists of 14 units with approximately 12,292 square feet of rentable space. The buildings are situated on a 27,500 square foot parcel and include three detached structures: two six-unit apartment buildings and one two-unit townhouse-style building. 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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$545.8k	$44.40
− Vacancy	−$24.6k	−$2.00
EGI	$521.2k	$42.40
− OpEx	−$234.5k	−$19.08
NOI	$286.7k	$23.32

12,292 SF · lease $44.40/SF/yr · vacancy 4.50% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$4.10M

$3.58M – $4.78M (±1% cap)

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 (±1% cap)

NOI $516,560 @ 7.0% cap · market cap 11.23%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: San Jose
County: Santa Clara
State: California
Longitude: -121.8021388
Latitude: 37.2608298

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For sale
Apartment buildings
CA
San Jose
95111
5390 Carryback Ave

What type of property is this?

Apartment building - 14-unit multifamily community in San Jose, built in 1980.

Where is this apartment building located?

The property is located at 5390 Carryback Ave 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: Located in San Jose, a gateway to Silicon Valley's innovation and employment base.; Desirable unit mix including two 3‑bedroom/2‑bath units and two 2‑bedroom townhouse‑style units, all with in‑unit laundry.; Consists of 14 units in three detached buildings.

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5390 Carryback Ave, San Jose, CA 95111

14-unit multifamily community in San Jose, built in 1980.

Property Features for 5390 Carryback Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four-Plex with Five-Stall Carport

Well-Maintained Fourplex Opportunity

Multi-Unit Flex Automotive Property

Industrial Condominium with Roll-Up Door

Warehouse with Offices and Mezzanine

Four-Unit Multifamily with Private Garages

C3 Retail/Office Building

Duplex with Private Yard

Residential Care Home with Outdoor Gardens

Renovated Office Building with Rentals

Well-Maintained Duplex with Private Yards

Duplex with Vacant Owner Unit

FAQs

5390 Carryback Ave, San Jose, CA 95111

14-unit multifamily community in San Jose, built in 1980.

Property Features for 5390 Carryback Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Four-Plex with Five-Stall Carport

Well-Maintained Fourplex Opportunity

Multi-Unit Flex Automotive Property

Industrial Condominium with Roll-Up Door

Warehouse with Offices and Mezzanine

Four-Unit Multifamily with Private Garages

C3 Retail/Office Building

Duplex with Private Yard

Residential Care Home with Outdoor Gardens

Renovated Office Building with Rentals

Well-Maintained Duplex with Private Yards

Duplex with Vacant Owner Unit

FAQs

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