143 N 8th St
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143 N 8th St
9 Unit Apartment Building $4,287,847 CAD ($476,427 CAD/Unit) 5.96% Cap Rate San Jose, CA 95112
Investment Highlights
- Located just 2 blocks from the Engineering Building at San Jose State University
- Potential of adding an additional unit by converting the Garages
- All units are 2-Bedroom/1-Bath Units
Executive Summary
The R&Z Group of Compass Commercial is excited to present 143 N 8th St, San Jose, CA—a rare investment opportunity in the thriving heart of Silicon Valley. The property features nine spacious 2-bedroom, 1-bath units, six of which have been upgraded with stylish countertops and modern kitchen cabinetry. Residents benefit from convenient on-site amenities, including secure storage, dedicated carports, ample parking, and a laundry facility. Spanning 7,167 square feet on a 0.22-acre lot, this well-maintained complex embodies pride of ownership.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,287,847 CAD | Building Class | C |
| Price Per Unit | $476,427 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 7,167 SF |
| Cap Rate | 5.96% | Average Occupancy | 89% |
| Gross Rent Multiplier | 11.82 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.53/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $4,287,847 CAD |
| Price Per Unit | $476,427 CAD |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| Gross Rent Multiplier | 11.82 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,167 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.53/1,000 SF |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | 796 |
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Walk Score ®
Walker's Paradise (93)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 467-18-078 | Total Assessment | $2,289,376 CAD |
| Land Assessment | $1,170,127 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,119,249 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
467-18-078
Land Assessment
$1,170,127 CAD
Improvements Assessment
$1,119,249 CAD
Total Assessment
$2,289,376 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | RM |
| RM |
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143 N 8th St
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