110 Graham Ave San Jose, CA 95110-3146
- Apartment buildings
- 10,300 SF
- 0.32 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 110 Graham Ave
- Year built
- 1950
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 10,300 SF
- Zone code
- C2
- Property type
- Apartment buildings
- APN
- 434-07-008
- APU
- 43407008
Description
This exceptional 16-unit apartment building in San Jose, CA, presents a compelling investment opportunity. Located at 110 Graham Ave, 95110, this well-maintained property boasts 10,320 square feet and offers a mix of spacious one- and two-bedroom units. Ten units feature one bedroom and one bathroom, while six units provide two bedrooms and one bathroom, catering to a diverse renter base. The property currently enjoys a 97% occupancy rate, generating substantial rental income. Its prime location offers easy access to major tech companies like Oracle, Google, and Apple, as well as San Jose State University, downtown San Jose, and convenient transportation options including Highways 280, 101, 880, and 87, and Caltrain. The asking price is $4,600,000, representing a price per unit of $287,500 and a price per square foot of $445.74. The property's strong performance is reflected in its attractive 5.23% cap rate. This asset offers a blend of immediate income and significant long-term appreciation potential in a thriving California market. The proximity to major employers, educational institutions, and downtown amenities ensures consistent tenant demand and rental growth opportunities. This is a rare chance to acquire a well-positioned, high-performing multifamily property in one of the most dynamic areas of San Jose. The property is nearly fully renovated, further enhancing its value and appeal to investors seeking a turnkey investment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,570,000
- 6.5%
- $3,295,000
- 7%
- $3,060,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,098,000
Market price range: $812k - $2.10M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,770,000 Current use
- OFFICE BUILDING
- $4,045,000 Change: +7% Conversion: Moderate
- RETAIL STORES
- $3,830,000 Change: +2% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $3,040,000 Change: -19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.88
- Latitude
- 37.3188
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
