Veridian on 5th 439-441 S 5th St 12 Unit Apartment Building $5,684,296 CAD ($473,691 CAD/Unit) 5.40% Cap Rate San Jose, CA 95112

Veridian on 5th is a 12 unit apartment community ideally located just ±300 feet from San José State University, offering an exceptional downtown San Jose setting with immediate access to a strong and consistent tenant base. The property features an all two bedroom unit mix, providing highly functional layouts that are increasingly desirable for roommates, students, and young professionals while supporting strong and consistent rental demand.
Located directly across the street from San José State University, residents benefit from immediate proximity to campus, while also enjoying a highly walkable lifestyle within approximately 0.5 miles of Downtown San Jose and San Pedro Square, with convenient access to dining, retail, and entertainment. The property is also approximately two miles from Diridon Station, offering connectivity to Caltrain, ACE, and future BART service, enhancing its appeal for commuters.
Supported by the demand drivers of San José State University and the broader Silicon Valley employment base, the property benefits from long term rental demand fundamentals. Select units feature in unit washer and dryer, including Unit 439-5, adding to tenant convenience and overall rental appeal.