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407 Raymond Ave
San Jose, CA 95128 Burbank

$1,425,000 USD

Multifamily For Sale  •  2,080 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,080 SF
  • Year Built 1980
  • Cap Rate 3.30 %
0 Transit Score
82 Walk Score

Highlights

Ideal owner/user or investment opportunity to purchase a traditional multifamily duplex currently leased under market rates.
Desirable location with quick connections to Highways 280 and 880, commuting throughout the Bay Area and Silicon Valley.
Rare unit features include covered carports, secluded patios, laundry closets, storage space, and private entrances.
Excellent demographics with a surrounding population of over 990,054, bringing in a median household income of $141,565.
One unit is vacant with light updates, such as new floors, paint, blinds, and some appliances, while the other unit is currently being vacated.
Close to a myriad of amenities, including Best Buy, Crate & Barrel, Bloomingdale's, Target, Anthropologie, and Trader Joe's.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $51,188 USD (2026)
Cap Rate: 3.30 %
Total Expenses: $24,412 USD

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Laundry Facilities
  • Storage Space
  • Washer/Dryer Hookup
  • Eat-in Kitchen
  • Yard
  • Patio
  • Porch
  • Private Bathroom

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.2 mi
San Jose Diridon (Caltrain - Caltrain (Caltrain)) 6 min - 2.2 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 8 min - 3.5 mi
Metro Oakland International 47 min - 37.4 mi
San Francisco International 48 min - 37.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Surface
Included in Rent: Yes
Christian Renz 669-239-2295 Renz & Renz Investment & Commercial Brokerage
Christian Renz 669-239-2295 Renz & Renz Investment & Commercial Brokerage