907 Delbert Way San Jose, CA 95126
- Apartment buildings
- 5,811 SF
- 0.19 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 907 Delbert Way
- Year built
- 1958
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property size
- 5,811 SF
- Zone code
- RM
- Property type
- Apartment buildings
- APN
- 264-03-016
- APU
- 26403016
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,555,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,825,000
- 6.5%
- $2,035,000
- 7%
- $1,805,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,000,000
- Geo Method
- $1,645,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,560,000
- Retail
- $1,940,000
- Mixed-Use
- $1,855,000
- Hospitality
- $1,855,000
- Educational
- $1,905,000
- Residential Income
- $1,940,000
- Energy
- $1,510,000
- Income-Based Land
- $2,090,000
- Food Service
- $1,625,000
Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.909
- Latitude
- 37.3127
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
