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Listed by Marcus & Millichap
$ 4,150,000
Est. payment | /mo
6,828 SqFt
$ 4,150,000
Est. payment | /mo
6,828 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,828 sqft
Price per Sqft $607
MLS Listing ID ML82044370
HOA Y/N No
Year Built 1957
Lot Size 9,522 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Veridian on 5th is a 12 unit apartment community located across the street from San Jose State University, offering a premier downtown San Jose setting with immediate access to a strong and consistent tenant base. The property features an all two bedroom unit mix and benefits from individually metered water, gas, and electric, reducing operating expenses and providing additional upside. The units offer functional layouts that appeal to roommates, students, and young professionals, supporting consistent rental demand. There is meaningful remaining income upside, offering a clear opportunity to increase rents and enhance returns. Located directly across from San Jose State University, residents enjoy true walkable access to campus, along with proximity to Downtown San Jose and San Pedro Square within approximately 0.5 miles. The property is also close to Diridon Station, providing access to Caltrain, ACE, and future BART service. Supported by SJSU and Silicon Valley employment, the property benefits from strong long term rental fundamentals. A full marketing package is available upon request.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling None
Fireplace No
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