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523 Page St
San Jose, CA 95126

Multifamily Property For Sale · 10 Units

Executive Summary

Introducing 523 Page Street, a highly-renovated 10 unit apartment building in the heart of Silicon Valley. The property contains a desirable unit mix of (8) 2 bedrooms/1 bath units and (2) 1 bedroom/1 bath units on a generous 13,400 square foot parcel. 9 of the 10 unit interiors have been thoughtfully modernized including kitchen cabinets, stone countertops, stainless steel appliances (select units) etc., LVP or carpet flooring, and the bathrooms contain new vanities, shower bath surround, etc., upgraded interior doors and closet doors, and recessed lighting (most units). Units 1 and 6 have large private patios and all units have individual water heaters. Each building exterior recently received a fresh coat of paint, possess double pane windows throughout, and the grounds are easily maintained with drought tolerant landscaping. Tenants benefit from a new laundry facility with owned laundry equipment attractive flooring. parking: (6) carport spaces, (4) tuck under spaces with storage lockers and (2) uncovered spaces.

PROPERTY FACTS

Price Per Unit $476,431 CAD
Sale Type Investment
Cap Rate 4.81%
Gross Rent Multiplier 13.26
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.31 AC
Building Size 7,824 SF
No. Stories 2
Year Built 1963
Parking Ratio 3.83/1,000 SF

Unit Amenities

  • Kitchen
  • Stainless Steel Appliances
  • Patio

Site Amenities

  • 24 Hour Access
  • Fenced Lot
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 10 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
277-19-033
Land Assessment
$2,083,392 CAD
Improvements Assessment
$857,866 CAD
Total Assessment
$2,941,258 CAD

zoning

Zoning Code R3
R3
  • Listing ID: 33551264

  • Date on Market: 2024-10-17

  • Last Updated:

  • Address: 523 Page St, San Jose, CA 95126

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