Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley, the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request.
Sold for $1,950,000
$1,950,000
North 1st, San Jose, CA 95112
2beds
1baths
6,704sqft
Five Or More Units, Residential Income
Built in 1924
-- sqft lot
$1,917,500 Zestimate®
$291/sqft
$2,334 Estimated rent
Home value
$1,917,500
$1.76M - $2.09M
$2,334/mo
Zestimate® history
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$2,334/mo
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$2,334/mo
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$12,487/mo
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Zillow last checked:
Listing updated:
Listed by:
Mitchell Zurich 01870648 408-888-9594,
Marcus & Millichap 650-391-1700
Bought with:
Mitchell Zurich, 01870648
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML82014596
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Wall Furnace
Cooling
- None
Features
- Doors: None
Interior area
- Total structure area: 6,704
- Total interior livable area: 6,704 sqft
Property
Parking
- Total spaces: 3
- Parking features: Covered, Detached
- Garage spaces: 3
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 8,363 sqft
Details
- Parcel number: 25920043
- Zoning: C
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Flat
Condition
- Year built: 1924
Community & neighborhood
Location
- Region: San Jose
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2025 | Sold | $1,950,000-6.7%$291/sqft |
Source:  MLSListings Inc #ML82014596 Report a problem | ||
| 7/28/2025 | Pending sale | $2,090,000$312/sqft |
Source: MLSListings Inc #ML82014596 Report a problem | ||
| 7/14/2025 | Listed for sale | $2,090,000$312/sqft |
Source: MLSListings Inc #ML82014596 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 1/10Grant Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Muwekma Ohlone MiddleGrades: 6-8Distance: 0.9 mi
- 5/10San Jose High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,917,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,917,500
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