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Financial
Distress signals
Property profile

3047 David Ave San Jose, CA 95128

FOR SALE
Other apartment buildings
Property ID
US09-0686350
8,076 SF 0.3 ac lot Built 1958
Last sale Oct 2022 · $3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

3047 David Avenue is a 14-unit garden-style multifamily building in San Jose, California, constructed in 1958. The property contains approximately 8,076 square feet of rentable space on a 13,200 square foot parcel. The unit mix consists of ten one-bedroom, one-bath units and four two-bedroom, one-bath units. The garden-style layout is configured for manageable day-to-day operations and is historically associated with high tenant utilization. The building is located between Historic Downtown…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$44k
Tax billed · 2024
Assessed value$3.06M
Assessed land$1.89M
Assessed improvement$1.17M
Effective rate1.43%

Value estimate

· Oct 2026
$2.45M
$2.21M – $2.70M
AI approach$2.53M
CAP approach$2.59M
Submarket $/SF estimate$3.39M
NOI build-up
Gross scheduled income$320k
Vacancy & credit loss−$14k
Operating expenses−$137k
NOI · 4.69% cap applied$168k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$443/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$304 – $657

Cap rate analysis

How does the asset earn?
4.69%
$168k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RM
JurisdictionSANTA CLARA

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.7
Travel Agency9.1
Discount Store8.9

Location

3047 David Ave San Jose, CA 95128
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2970 Magliocco, San Jose, CA 95128-3069 $4,200,000 Jun 2025 8,072 SF
3027 Magliocco, San Jose, CA 95128-3056 $1,540,000 Feb 2025 7,852 SF
1777 Hester, San Jose, CA 95128-5240 $1,700,000 Jan 2025 7,384 SF
1007 Leigh, San Jose, CA 95128-3628 $2,735,000 Jan 2024 6,260 SF
3040 Magliocco, San Jose, CA 95128-3061 $2,050,000 Jul 2023 11,076 SF
729 Menker, San Jose, CA 95128-2882 $2,950,000 Mar 2023 6,580 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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