Fama Apartments, San Jose 121 N 8th St 12 Unit Apartment Building $4,571,314 CAD ($380,943 CAD/Unit) 5.24% Cap Rate San Jose, CA 95112

Fama Apartments is a well-situated 12-unit apartment community located at 121 N 8th St, just steps from Downtown San Jose and San Jose State University. Situated on a parcel of land totaling 9,453 square feet, the subject property was originally constructed in 1958 and features a gross building area of approximately 6,779 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private carport parking and an on-site laundry facility. Fama Apartments is steps from Downtown San Jose and is within close proximity to the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC), one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, the subject property is located within walking distance to San Jose State University and is within close proximity to the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels, and with a world-class location in Silicon Valley, Fama Apartments presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.