697 Hamline St San Jose, CA 95110
For Sale
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697 Hamline St is a well-situated triplex asset located in the thriving city of San Jose, California.Situated on a 3,864 square foot parcel of land, the subject property was originally constructed in 1899 and features a gross building area of approximately 1,500 square feet, offering its tenants 100% beautifully designed one-bedroom oor plans.The subject property is within walking distance to various lifestyle amenities such as Paypal Park (0.3mi), Coleman Landings Shopping Mall (0.2mi), In-N-Out Burger (0.2mi), Costco (1.3mi) and a new BART station currently in construction. 697 Hamline St sits near Downtown San Jose and is within close proximity to the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options.The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings.The community also benets from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises.The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 697 Hamline St presents an attractive choice to investors, due to its close proximity to shopping, dining and entertainment options. 1.00%
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.