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Investment Highlights

  • New electrical main and subpanels
  • Turnkey, low-capex investment opportunity
  • Convenient access to I-280
  • New roof
  • Desirable unit mix: 1 Studio, 2 One-Bedroom, 3 Two-Bedroom
  • Close to Santana Row, Valley Fair, and Downtown San Jose

Executive Summary

rime investment opportunity. This six-unit multifamily asset at 780 Deland Avenue is located in the heart of San Jose's central 95128 submarket. Built in 1961 on a 6,440 SF (0.15-acre) lot, the ~4,307 SF building offers a desirable unit mix of one studio, two 1-bed/1-bath, and three 2-bed/1-bath units. The property is 100% occupied* with current scheduled rents totaling $14,357/month ($172,284 annualized), reflecting strong in-place income. Recent capital improvements include a new roof and new electrical main and subpanels, minimizing near-term capex for a buyer. Centrally located approximately 1.1 miles from San Jose City College with convenient access to I-280, and close to Santana Row, Valley Fair, Downtown San Jose, and Santa Clara Valley Medical Center, the property benefits from strong, durable rental demand driven by a broad base of technology and professional-services employers. Offered at $2,200,000 ($510.80/SF).
*Occupancy inferred from rent roll provided; buyer to independently verify against leases and tenant ledgers.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $239,039 $55.50
Other Income - -
Vacancy Loss - -
Effective Gross Income $239,039 $55.50
Taxes $37,036 $8.60
Operating Expenses $35,507 $8.24
Total Expenses $72,542 $16.84
Net Operating Income $166,496 $38.66

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $239,039
Annual Per SF $55.50
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $239,039
Annual Per SF $55.50
Taxes (CAD)
Annual $37,036
Annual Per SF $8.60
Operating Expenses (CAD)
Annual $35,507
Annual Per SF $8.24
Total Expenses (CAD)
Annual $72,542
Annual Per SF $16.84
Net Operating Income (CAD)
Annual $166,496
Annual Per SF $38.66

Property Facts

Price $3,052,434 CAD
Price Per Unit $610,487 CAD
Sale Type Investment
Cap Rate 5.45%
Sale Condition 1031 Exchange
Gross Rent Multiplier 12.77
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.15 AC
Building Size 4,307 SF
No. Stories 2
Year Built 1961
Parking Ratio 1/1,000 SF
Zoning R3, San Jose

Amenities

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 $2,775 CAD 394
1+1 2 $2,896 CAD 576
2+1 2 $3,785 CAD 904 - 966
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
282-37-040
Land Assessment
$1,400,218 CAD (2026)
Improvements Assessment
$909,420 CAD (2026)
Total Assessment
$2,309,638 CAD (2026)
Annual Taxes
$37,036 CAD ($8.60 CAD/SF)
Tax Year
2025
  • Listing ID: 41907230

  • Date on Market: 2026-08-27

  • Last Updated:

  • Address: 780 Deland Ave, San Jose, CA 95128

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