1264 Whitton AVE, San Jose, CA 95116
1264 Whitton AVE, San Jose, CA 95116
1264 Whitton AVE, San Jose, CA 95116
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Josh Yoo

Josh Yoo

+1(510) 418-9180
Listed by Patrick Carvalho • Fathom Realty Group, DRE#02136374
$1,649,999
Est. payment /mo
3 Beds
3 Baths
3,084 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,084 sqft

Price per Sqft $535

MLS Listing ID ML82061891

Bedrooms 3

Full Baths 3

Year Built 1962

Lot Size 5,360 Sqft

Property Sub-Type Five or More Units

Property Description

Welcome to 1264 Whitton Ave, San Jose, CA a 7-unit multifamily investment opportunity with a current NOI of $111,445 and a 6.76% in-place cap rate, representing an approximate $1.65M valuation and $235,400 per unit based on the current cap rate. The property offers an established income stream, a diverse unit mix, and potential for future income growth. The property consists of seven residential units, including three 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one studio, providing a diversified mix designed to appeal to a broad range of tenants. Current annual rental income is approximately $134,076. Current rents are below market, providing an opportunity for an investor to evaluate future rent growth and potential NOI enhancement over time, subject to applicable California and local rent-control requirements, tenant protections, existing leases, and market conditions. With $111,445 in current NOI, a 6.76% cap rate, approximately $235,400 per unit, seven units, and below-market rents, 1264 Whitton Ave offers investors an opportunity to acquire an established San Jose multifamily asset with current cash flow and potential for increased income over time.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning LI

Interior

Heating Other

Cooling Other

Exterior

Parking Features Assigned Spaces, Carport

Utilities Available Public Utilities

Roof Type Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 467-35-015

Security Features Fire Alarm

Special Listing Condition Not Applicable

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Josh Yoo

Josh Yoo

+1(510) 418-9180

Broker Associate License ID: 02024903

Broker Associate License ID: 02024903

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1264 Whitton AVE

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Josh Yoo.

As a Bay Area native and Top 1% real estate advisor, Josh brings local expertise, strategic guidance, and personal support to help you buy with confidence in a competitive market.