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Julian West Apartment 423 N 26th St 14 Unit Apartment Building $5,452,464 CAD ($389,462 CAD/Unit) 6.41% Cap Rate San Jose, CA 95116



INVESTMENT HIGHLIGHTS
- The 2 Bedroom units are equipped with forced air heating.
- Strong in-place income.
- Amenities include communal courtyard, laundry room, assigned carport parking and balconies on select units.
EXECUTIVE SUMMARY
This building can be purchased individually or together with 445 N 26th St.
The R&Z Group of Compass Commercial is excited to introduce 423 N 26th St, San Jose CA 95116 to the open market. This two-story building is located in the Wooster neighborhood and offers its tenants a great location with near-by transportation, entertainment, dining and attractions.
This standout property boasts a versatile unit mix of (7) 2 Bed, 1 Bath and (7) 1 Bed 1 Bath units, all equipped with designated carports, and a convenient coin operated laundry room with 2 washers and 2 dryers with card readers that are owned. With approximately 10,360 square feet of living space on a 0.56-acre lot, this building provides both comfort for tenants and strong rental income for investors. The entire building is well kept, with a courtyard in the middle and a manicured landscape.
The location couldn’t be better! You’re a short drive from Downtown San Jose and have easy access to Highway 280, 87, and 101, putting all of San Jose within reach. Plus, approximation to major employers like Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters.
With its balanced unit mix, strong tenant appeal, and durable construction, 423 N 26th St represents a unique chance to acquire a stable, income-generating asset in one of the Bay Area’s most dynamic rental markets. This offering provides investors the opportunity to capture immediate cash flow while positioning for long-term growth in San Jose’s thriving economy.
The R&Z Group of Compass Commercial is excited to introduce 423 N 26th St, San Jose CA 95116 to the open market. This two-story building is located in the Wooster neighborhood and offers its tenants a great location with near-by transportation, entertainment, dining and attractions.
This standout property boasts a versatile unit mix of (7) 2 Bed, 1 Bath and (7) 1 Bed 1 Bath units, all equipped with designated carports, and a convenient coin operated laundry room with 2 washers and 2 dryers with card readers that are owned. With approximately 10,360 square feet of living space on a 0.56-acre lot, this building provides both comfort for tenants and strong rental income for investors. The entire building is well kept, with a courtyard in the middle and a manicured landscape.
The location couldn’t be better! You’re a short drive from Downtown San Jose and have easy access to Highway 280, 87, and 101, putting all of San Jose within reach. Plus, approximation to major employers like Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters.
With its balanced unit mix, strong tenant appeal, and durable construction, 423 N 26th St represents a unique chance to acquire a stable, income-generating asset in one of the Bay Area’s most dynamic rental markets. This offering provides investors the opportunity to capture immediate cash flow while positioning for long-term growth in San Jose’s thriving economy.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$506,384
|
$48.88
|
| Other Income |
$4,715
|
$0.46
|
| Vacancy Loss |
$15,192
|
$1.47
|
| Effective Gross Income |
$495,908
|
$47.87
|
| Taxes |
$62,338
|
$6.02
|
| Operating Expenses |
$84,286
|
$8.14
|
| Total Expenses |
$146,623
|
$14.15
|
| Net Operating Income |
$349,284
|
$33.71
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $506,384 |
| Annual Per SF | $48.88 |
| Other Income (CAD) | |
|---|---|
| Annual | $4,715 |
| Annual Per SF | $0.46 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,192 |
| Annual Per SF | $1.47 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $495,908 |
| Annual Per SF | $47.87 |
| Taxes (CAD) | |
|---|---|
| Annual | $62,338 |
| Annual Per SF | $6.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $84,286 |
| Annual Per SF | $8.14 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $146,623 |
| Annual Per SF | $14.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $349,284 |
| Annual Per SF | $33.71 |
PROPERTY FACTS
| Price | $5,452,464 CAD | Building Class | C |
| Price Per Unit | $389,462 CAD | Lot Size | 0.56 AC |
| Sale Type | Investment | Building Size | 10,360 SF |
| Cap Rate | 6.41% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.77 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 1.35/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3 - Residential | ||
| Price | $5,452,464 CAD |
| Price Per Unit | $389,462 CAD |
| Sale Type | Investment |
| Cap Rate | 6.41% |
| Gross Rent Multiplier | 10.77 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 10,360 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Refrigerator
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
| 1+1 | 7 | $2,705 CAD | - |
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 249-66-017 | Total Assessment | $1,281,664 CAD (2025) |
| Land Assessment | $368,363 CAD (2025) | Annual Taxes | $62,338 CAD ($6.02 CAD/SF) |
| Improvements Assessment | $913,301 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
249-66-017
Land Assessment
$368,363 CAD (2025)
Improvements Assessment
$913,301 CAD (2025)
Total Assessment
$1,281,664 CAD (2025)
Annual Taxes
$62,338 CAD ($6.02 CAD/SF)
Tax Year
2024
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Julian West Apartment | 423 N 26th St
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