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3047 David Ave
San Jose, CA 95128 David-Rosemary

$3,700,000 USD

Apartments For Sale • 8,076 SF

Property Details

Property Type Apartments
Total Building Size 8,076 SF
Lot Size 0.3 AC
Building Class C
Year Built 1958
Cap Rate 4.49 %
Zoning R3, San Jose

40 Transit Score

70 Walk Score

                
                    Highlights
                
                                PRIME WEST SAN JOSE LOCATION
                            
                                POSITIONED BETWEEN SANTANA ROW  & HISTORIC DOWNTOWN CAMPBELL
                            
                                DESIRABLE UNIT MIX 10 One-Bedroom & 4 Two-Bedroom Units
                            
                                SIGNIFICANT RENTAL UPSIDE  Approximately 30% Below Market Rents
                            
                                THE PROPERTY OFFERS A CURRENT  CAP RATE EXCEEDING 4.00%, WITH  A PRO FORMA CAP RATE PROJECTED  ABOVE 7.00%
                            
                                EXCELLENT ACCESS TO HIGHWAYS  280, 880 & 17

Financial Summary (Actual)

Net Operating Income: $161,516 USD (2026)

Cap Rate:	4.49 %
Total Expenses:	$112,525 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Perusa Trust

Amenities

Laundry Facilities
Storage Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	5.0 mi
	10 min	-	5.0 mi
Airport	Drive	Walk	Distance
Norman Y Mineta San Jose International	12 min	-	7.2 mi
San Francisco International	48 min	-	37.3 mi
Metro Oakland International	51 min	-	40.4 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Jimmy Castellanos 408-483-5040 Marcus & Millichap

3047 David Ave San Jose, CA 95128 David-Rosemary