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Investment Highlights

  • Centrally located 10-unit multifamily asset in vibrant Downtown San Jose
  • Proximity to major employers, universities like SCU and SJSU
  • Easy access to major hwys (280, 101, 87), Caltrain, Light Rail stations, and just minutes from San Jose Airport
  • Upside potential with vacant units and tenant transitions

Executive Summary

Prime Investment Opportunity in the Heart of San Jose. Welcome to 336 N 5th St, a centrally located 10-unit multifamily asset in vibrant Downtown San Jose. This property offers a unit mix of eight 1Bd/1Ba units, one 2Bd/1Ba unit, and one studio, catering to a wide range of tenant needs. Situated on a 9,798 SF lot, the property features a gross building area of approximately 5,521 SF. Residents enjoy convenient on-site amenities including covered parking, storage lockers, and laundry facility. Strategically positioned within walking distance to SJSU, Japantown, and the SJ Market Center, this property is surrounded by a dynamic mix of retail, dining, and entertainment options. It also offers easy access to major hwys (280, 101, 87), Caltrain, Light Rail stations, and just minutes from San Jose Mineta International Airport, one of Northern Californias busiest travel hubs. Located in one of the most prosperous and innovation-driven cities in the U.S., this asset presents an opportunity for both savvy investors and 1st time buyers to acquire a stable, income-generating property w/ long-term upside potential. Proximity to major employers, universities like SCU and SJSU, and the city's ongoing urban revitalization make this a highly desirable investment in a thriving rental market.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $324,820 $58.90
Other Income $1,643 $0.30
Vacancy Loss $9,745 $1.77
Effective Gross Income $316,718 $57.43
Taxes $56,554 $10.25
Operating Expenses $60,427 $10.96
Total Expenses $116,981 $21.21
Net Operating Income $199,737 $36.22

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $324,820
Annual Per SF $58.90
Other Income (CAD)
Annual $1,643
Annual Per SF $0.30
Vacancy Loss (CAD)
Annual $9,745
Annual Per SF $1.77
Effective Gross Income (CAD)
Annual $316,718
Annual Per SF $57.43
Taxes (CAD)
Annual $56,554
Annual Per SF $10.25
Operating Expenses (CAD)
Annual $60,427
Annual Per SF $10.96
Total Expenses (CAD)
Annual $116,981
Annual Per SF $21.21
Net Operating Income (CAD)
Annual $199,737
Annual Per SF $36.22

Property Facts

Price $3,975,706 CAD
Price Per Unit $397,571 CAD
Sale Type Investment
Cap Rate 5.02%
Gross Rent Multiplier 13.05
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.22 AC
Building Size 5,515 SF
Average Occupancy 80%
No. Stories 2
Year Built 1957
Parking Ratio 1.08/1,000 SF
Opportunity Zone Yes
Zoning RM - RM- Multiple Residence District

Amenities

Unit Amenities

  • Heating
  • Range

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $2,583 CAD 535
2+1 1 $3,268 CAD 700
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
249-48-013
Land Assessment
$1,380,134 CAD (2025)
Improvements Assessment
$2,244,799 CAD (2025)
Total Assessment
$3,624,933 CAD (2025)
Annual Taxes
$56,554 CAD ($10.25 CAD/SF)
Tax Year
2024
  • Listing ID: 36263211

  • Date on Market: 2025-06-14

  • Last Updated:

  • Address: 336 N 5th St, San Jose, CA 95112

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