Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    907 Delbert Way San Jose, CA 95126

    Sponsored
    For Sale
    Contact for pricing

    8-Unit Apartment Building, High NOI

    Property size:
    5,811 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional investment opportunity presents an eight-unit apartment building situated on a 0.19-acre lot in San Jose, California. The property, built in 1958, features a total of 5,811 square feet of net rentable space, currently boasting an 88.9% occupancy rate. The building comprises two stories and includes eight one-bedroom, one-bathroom units. Eight parking spaces are available for tenants, including six covered spaces. The property enjoys a prime corner location in the desirable Meridian-Pedro neighborhood, offering convenient access to major freeways including I-280, I-880, and CA-87. The current Net Operating Income (NOI) stands at $60,277, with a pro-forma NOI projected at $140,105, indicating significant upside potential. The property is zoned for multi-family use (MULTI-FAMILY RES) and is offered fee simple. Its strategic location provides easy access to amenities such as the San Jose Swim and Racquet Club and a 24-Hour Fitness center. This is a rare chance to acquire a well-located, income-producing multifamily asset in a thriving California market. The property's address is 907 Delbert Way, San Jose, CA 95126, and its APN is 264-03-016.

    Property Features for 907 Delbert Way

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,811 SF
    Class
    C
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1958
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • 8‑unit apartment building in San Jose, CA.
    • 5,811 square feet, 88.9% occupancy, $60,277 NOI, $140,105 pro‑forma NOI.
    • Prime corner location in the Meridian‑Pedro neighborhood.
    • Ample parking: 8 spaces (6 covered, 2 uncovered).
    • Convenient access to I‑280, I‑880, and CA‑87.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Jose
    County
    Santa Clara
    State
    California
    Longitude
    -121.90907358
    Latitude
    37.3128951

    Nearby Similar for Sale

    • $859,000
      1,695 SF

      Medical Office Condo Near Hospital

      Move-in ready medical office condo near Regional Medical Center.
      200 Jose Figueres Ave, San Jose, CA 95116
      View Details
    • $1,995,000
      Pending

      San Jose Four-Unit Apartment Building

      Four-unit apartment building in West San Jose near Saratoga.
      1577 Maurice Ln, San Jose, CA 95129
      View Details
    • New
      $1,729,000
      1,550 SF

      San Jose Duplex with Upgrades

      Duplex in prime location with recent upgrades and shared backyard.
      2012 Heatherdale Ave, San Jose, CA 95128
      View Details
    • $2,850,000
      6,248 SF

      San Jose Multifamily Investment Opportunity

      9-unit apartment building near San Jose State University.
      431 S 11Th St, San Jose, CA 95112
      View Details
    • New
      $520,000
      1,216 SF

      Versatile Commercial Condo in San Jose

      Flexible 1,216 sq ft condo in a prime San Jose location.
      2050 Concourse Dr, San Jose, CA 95131
      View Details
    • $6,900,000
      17,036 SF

      San Jose Commercial Property Opportunity

      Commercial property near downtown San Jose, ideal for medical or school.
      480 N 1St St, San Jose, CA 95112
      View Details
    • $1,698,888
      3,426 SF

      San Jose Multifamily Investment Opportunity

      Multifamily property in San Jose near highways and university.
      2225 Luz Ave, San Jose, CA 95116
      View Details
    • $2,485,000
      3,158 SF

      San Jose Quadruplex Near Cupertino Schools

      Quadruplex near Cupertino schools with high rental income.
      5011 Lapa Dr, San Jose, CA 95129
      View Details
    • $2,500,000
      6,536 SF

      Downtown San Jose Multifamily Investment

      13-unit multifamily property with value-add potential in downtown San Jose.
      358 N 7Th St, San Jose, CA 95112
      View Details
    • New
      $2,098,000
      3,584 SF

      Well-Maintained Fourplex in West San Jose

      Fourplex in West San Jose with immediate cash flow.
      3691 Cape Cod Ct, San Jose, CA 95117
      View Details
    • $222,222
      1,100 SF

      Turn-Key Dental Office Opportunity

      Professionally built-out dental space in high-traffic San Jose location.
      1692 Tully Rd, San Jose, CA 95122
      View Details
    • $1,899,999
      3,578 SF

      San Jose Commercial Building For Sale

      Commercial building in a bustling shopping center, many possibilities!
      2268 Senter Rd, San Jose, CA 95112
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Apartment Building, High NOI
    Where is this multifamily property located?
    The property is located at 907 Delbert Way San Jose, CA.
    What are key features of this property?
    This property features: 8-unit apartment building in San Jose, CA.; 5,811 square feet, 88.9% occupancy, $60,277 NOI, $140,105 pro-forma NOI.; Prime corner location in the Meridian-Pedro neighborhood.
    Request Owner's contact information
    907 Delbert Way San Jose, CA 95126
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    907 Delbert Way
    San Jose, CA 95126
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    907 Delbert Way San Jose, CA 95126
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.