420 7Th StSan Jose, CA 95112

This two-story, six-unit apartment building in San Jose, CA offers a compelling investment opportunity. Located at 420 S 7th St, this 4,122 square foot property sits on a 0.14-acre lot and boasts 100% occupancy. The building, constructed in 1959, features a mix of five two-bedroom, one-bathroom units and one one-bedroom, one-bathroom unit. Each unit includes designated carport parking, and a shared laundry room is available for tenant convenience. The property's current Net Operating Income (NOI) is $102,323, with a projected NOI of $124,998, resulting in a current cap rate of 4.66% and a pro-forma cap rate of 5.69%. The asking price is $2,195,000, translating to a price per unit of $365,833.33 and a price per square foot of $532.51. The property is zoned RM and benefits from its proximity to San Jose State University, major employers (including Cisco, PayPal, and Adobe), and easy access to Highways 280, 101, and 680. This location ensures high rental demand and low vacancy rates, making it an attractive investment in a thriving market. The property's APN is 467-48-069. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a high-growth area of San Jose.