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Hermitage Arms 1336-1350 Fruitdale Ave 46 Unit Apartment Building $13,561,000 CAD ($294,804 CAD/Unit) 4.21% Cap Rate San Jose, CA 95126
Investment Highlights
- Ideal North Willow Glen Location
- Rare 46-Unit Garden Style Offering in Santa Clara County
- Recent Electrical Improvements (New Main Panel for Each Building)
- Compelling Opportunity to Acquire a Silicon Valley Multifamily Asset at a Low Basis
- First Time Offered for Sale Since 1983
Executive Summary
Contact Jimmy at jcastellanos@marcusmillichap.com for OM and tour dates.
Property Facts
| Price | $13,561,000 CAD | Apartment Style | Garden |
| Price Per Unit | $294,804 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.65 AC |
| Cap Rate | 4.21% | Building Size | 32,848 SF |
| Gross Rent Multiplier | 12.36 | Average Occupancy | 100% |
| No. Units | 46 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 2.44/1,000 SF |
| Zoning | RM | ||
| Price | $13,561,000 CAD |
| Price Per Unit | $294,804 CAD |
| Sale Type | Investment |
| Cap Rate | 4.21% |
| Gross Rent Multiplier | 12.36 |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.65 AC |
| Building Size | 32,848 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 2.44/1,000 SF |
| Zoning | RM |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 680 |
| 2+2 | 9 | - | 900 |
| 1+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 264-02-006 | Improvements Assessment | $4,560,335 CAD |
| Land Assessment | $1,404,848 CAD | Total Assessment | $5,965,183 CAD |
Property Taxes
Parcel Number
264-02-006
Land Assessment
$1,404,848 CAD
Improvements Assessment
$4,560,335 CAD
Total Assessment
$5,965,183 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Hermitage Arms | 1336-1350 Fruitdale Ave
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