12-Unit Multifamily
804 S Almaden Avenue San Jose, CA 95110
804 S Almaden Avenue, San Jose, CA, 95110
$2,850,000
For Sale
$2,850,000
Built in 1925, this 12-unit property includes ten studio units and two one-bedroom layouts.
Property Size5,680 SF
Lot Size0.20 Acres
Price / SF$501.76
Days on Market91
Property Features for 804 S Almaden Avenue
General Information
- Standard status
- Active
- Size
- 5,680 SF
- Lot size
- 0.20 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing agency
CBRE, Inc.
(408) 893-8063
Listed by
Adam Foley · License #02144332
(408) 893-8063
Source
Exitrealty
Added: Apr 23 Updated: Jul 22 at 1:03AM Checked: Jul 22 at 4:20AM
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 CBRE, Inc.
Investment Insights
Based on property information with market context.
804 S Almaden Avenue is a 12-unit multifamily asset built in 1925, situated on a 0.20-acre lot. The property totals 5,680 rentable square feet and is comprised of ten studio units and two one-bedroom, one-bathroom floorplans.
The offering is presented as a cash-flowing investment with value-add upside in the Washington-Guadalupe neighborhood of San Jose. The property is described as being in a highly accessible area with proximity to major transit corridors and the Downtown San Jose employment center.
Prospective buyers can evaluate the unit mix of studios and one-bedroom layouts within an established multifamily building totaling 12 residential units.
The offering is presented as a cash-flowing investment with value-add upside in the Washington-Guadalupe neighborhood of San Jose. The property is described as being in a highly accessible area with proximity to major transit corridors and the Downtown San Jose employment center.
Prospective buyers can evaluate the unit mix of studios and one-bedroom layouts within an established multifamily building totaling 12 residential units.
Key Highlights
- 12‑unit multifamily property built in 1925
- 5,680 rentable SF on a 0.20‑acre lot
- Unit mix includes 10 studio units and 2 one‑bedroom/one‑bath units
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 | $224.9k | $39.60 |
| − Vacancy | −$10.1k | −$1.78 |
| EGI | $214.8k | $37.82 |
| − OpEx | −$96.7k | −$17.02 |
| NOI | $118.1k | $20.80 |
5,680 SF · lease $39.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,143 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,123 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Built in 1925, this 12-unit property includes ten studio units and two one-bedroom layouts.
Where is this apartment building located?
The property is located at 804 S Almaden Avenue San Jose, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 12‑unit multifamily property built in 1925; 5,680 rentable SF on a 0.20‑acre lot; Unit mix includes 10 studio units and 2 one‑bedroom/one‑bath units
