1793 Bradford Way San Jose, CA 95124

Property Details for 1793 Bradford Way

Year built

1961

Lot size

0.16 lot acres

Property size

6,969 SF

Property type

Commercial real estate

APN

419-04-029

Description

This exceptional four-unit apartment building presents a compelling investment opportunity in the desirable Cambrian area of San Jose, California. Located at 1793 Bradford Way, this property boasts a strong net operating income (NOI) of $83,795, reflecting a 4.41% cap rate. The building, constructed in 1961 and renovated in 2015, comprises 6,969 square feet on a 0.16-acre lot, with a net rentable area of 3,300 square feet. Each of the four units offers approximately 825 square feet of living space, featuring two bedrooms and one bathroom. The property benefits from a 95% occupancy rate, with strong rents averaging nearly $2,622 per unit per month. Recent improvements include updated windows, landscaping, and roofing. Residents enjoy on-site laundry facilities and assigned parking, supplemented by ample street parking. The convenient location offers easy access to three nearby shopping centers, and a short drive to Los Gatos and Campbell. The property is zoned RM and features a total of four parking spaces (one per unit). The asking price is $1,898,000, representing a price per unit of $474,500 and a price per square foot of $575.15. This well-maintained property offers a stable income stream and significant potential for future appreciation in a thriving San Jose market. The APN is 419-04-029. This is a two-story building.