San Jose, CA 95116
$1,649,999
Bed
0
Bath
0
Living Space
3,084 SqFt
Year Built
1962
Lot Size
5,360 SqFt
Days
12
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.
Listing provided courtesy ofPatrick Carvalho License 02136374 Fathom Realty Group
Data provided by MLSListings Inc.
- Canoas Elementary School (Elementary) - GreatSchools rating 6/10 - Dartmouth Middle School (Middle) - GreatSchools rating 5/10 - Independence High School (High) - GreatSchools rating 5/10 School District: San Jose Unified School District
Within a 1-2 mile radius of Whitton, San Jose, CA 95116, several parks are available. These include Del Monte Park, O'Connor Park, and Sodality Park (historical). Hellyer County Park, a 178-acre urban park, is also nearby and offers activities such as fishing, a playground, and a velodrome. Edenvale Gardens Regional Park is another option, featuring a train-themed playground, basketball courts, and picnic areas.
The area around Whitton in San Jose, CA 95116, is part of the Thousand Oaks neighborhood. This neighborhood is characterized by local businesses and dining options that reflect the city's cultural diversity. San Jose as a whole is known for its culinary scene, with diverse cuisines ranging from Mexican to Mediterranean, and specific neighborhoods like Little Portugal and Japantown offering unique cultural experiences and businesses.
The Whitton area in San Jose, CA 95116, has a Walk Score of 82 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. The Transit Score is 74 out of 100, signifying good transit with many nearby public transportation options. Nearby transit includes bus lines such as the 64A and 64B, and light rail lines including the Green Line and Blue Line.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Canoas Elementary School (Elementary) - GreatSchools rating 6/10 - Dartmouth Middle School (Middle) - GreatSchools rating 5/10 - Independence High School (High) - GreatSchools rating 5/10 School District: San Jose Unified School District
Within a 1-2 mile radius of Whitton, San Jose, CA 95116, several parks are available. These include Del Monte Park, O'Connor Park, and Sodality Park (historical). Hellyer County Park, a 178-acre urban park, is also nearby and offers activities such as fishing, a playground, and a velodrome. Edenvale Gardens Regional Park is another option, featuring a train-themed playground, basketball courts, and picnic areas.
The area around Whitton in San Jose, CA 95116, is part of the Thousand Oaks neighborhood. This neighborhood is characterized by local businesses and dining options that reflect the city's cultural diversity. San Jose as a whole is known for its culinary scene, with diverse cuisines ranging from Mexican to Mediterranean, and specific neighborhoods like Little Portugal and Japantown offering unique cultural experiences and businesses.
The Whitton area in San Jose, CA 95116, has a Walk Score of 82 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. The Transit Score is 74 out of 100, signifying good transit with many nearby public transportation options. Nearby transit includes bus lines such as the 64A and 64B, and light rail lines including the Green Line and Blue Line.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
