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1136 Brace Ave
San Jose, CA 95125

$6,000,000 USD

Apartments For Sale  •  14,457 SF

Property Details

  • Property Type Apartments
  • Total Building Size 14,457 SF
  • Lot Size 0.56 AC
  • Building Class C
  • Year Built 1966
  • Cap Rate 4.14 %
  • Zoning R-3, San Jose
41 Transit Score
89 Walk Score

Highlights

Prime Location: One block from Downtown Willow Glen
Established Property: Well-maintained building with a solid rental history
Diverse Unit Mix: Catering to various tenant needs with a mix of 1-bedroom and 2-bedroom units
Income Generation: Pool and covered parking amenities enhance tenant satisfaction and rental income potential
On-Site Laundry: Convenience for tenants and an additional source of income for property owners

Financial Summary (Proforma)

Net Operating Income: $248,631 USD (2024)
Cap Rate: 4.14 %
Total Expenses: $150,620 USD

Amenities

  • Air Conditioning
  • Balcony
  • Courtyard
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Pool
  • Storage Space
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Yard
  • Garden
  • Patio
  • Window Coverings
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Tamien (Caltrain - Caltrain (Caltrain)) 4 min - 1.5 mi
San Jose Diridon (Altamont Corridor Express - Altamont Commuter Express (ACE), Caltrain - Altamont Commuter Express (ACE)) 5 min - 2.3 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 12 min - 6.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Bob Taylor 650-714-5431 Taylor Properties
Bob Taylor 650-714-5431 Taylor Properties