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5653 Via Monte Dr 4 Unit Apartment Building $2,361,215 CAD ($590,304 CAD/Unit) 3.95% Cap Rate San Jose, CA 95118



INVESTMENT HIGHLIGHTS
- Excellent Investment in a Prime San Jose Location – Four spacious units, each with 2 bedrooms and 1 bathroom
- Well-Maintained Asset – Upgraded interiors and private outdoor spaces
- High Rental Demand – Surrounded by major tech employers like Google, Apple, and Cisco
- Strong Value Proposition – Stable rental income potential in a resilient market with long-term appreciation upside
- Strategic Connectivity – Easy access to Almaden Expressway, Highway 85, and Almaden Plaza
EXECUTIVE SUMMARY
Magnify is pleased to present 5653 Via Monte Drive in San Jose. This property features four spacious units, each consisting of 2 bedrooms and 1 bathroom. The consistent unit mix in a highly desirable location makes this an attractive investment opportunity for a variety of buyers looking for a stable asset in a resilient rental market.
The property is a two-story multi-family complex featuring an attached four-car garage. It has been maintained with various upgrades across the units. Each unit benefits from private outdoor space with concrete patios and balconies, ensuring a well-cared-for asset that minimizes potential immediate capital expenditures for new ownership.
Located in a prime San Jose neighborhood with easy access to Almaden Expressway and Highway 85, the property is also within a few blocks of Almaden Plaza, offering a variety of retail, dining, and essential services. Its strategic location surrounded by renowned tech employers like Google, Apple, and Cisco Systems further enhances its rental desirability and long-term value appreciation, making it an ideal investment for stable returns and future growth.
The property is a two-story multi-family complex featuring an attached four-car garage. It has been maintained with various upgrades across the units. Each unit benefits from private outdoor space with concrete patios and balconies, ensuring a well-cared-for asset that minimizes potential immediate capital expenditures for new ownership.
Located in a prime San Jose neighborhood with easy access to Almaden Expressway and Highway 85, the property is also within a few blocks of Almaden Plaza, offering a variety of retail, dining, and essential services. Its strategic location surrounded by renowned tech employers like Google, Apple, and Cisco Systems further enhances its rental desirability and long-term value appreciation, making it an ideal investment for stable returns and future growth.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,361,215 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $590,304 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 3.95% | Building Size | 3,364 SF |
| Gross Rent Multiplier | 16 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2.38/1,000 SF |
| Zoning | R3H, San Jose | ||
| Price | $2,361,215 CAD |
| Price Per Unit | $590,304 CAD |
| Sale Type | Investment |
| Cap Rate | 3.95% |
| Gross Rent Multiplier | 16 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,364 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | R3H, San Jose |
AMENITIES
UNIT AMENITIES
- Disposal
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $3,411 CAD | 841 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 567-52-034 | Total Assessment | $2,506,378 CAD |
| Land Assessment | $1,519,018 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $987,360 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
567-52-034
Land Assessment
$1,519,018 CAD
Improvements Assessment
$987,360 CAD
Total Assessment
$2,506,378 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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5653 Via Monte Dr
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