Roseville Apts | 420 S 7th St
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Roseville Apts 420 S 7th St
6 Unit Block of Flats £1,560,988 (£260,165/Unit) 5.56% Net Initial Yield San Jose, CA 95112
Investment Highlights
- (5) 2 Bed 1 Bath (1) 1 Bed 1 Bath Unit Mix
- Steps away from San Jose State University
- On-site washer/dryer with credit card reader
Executive Summary
The R&Z Group of Compass Commercial is excited to introduce 420 S 7th St, San Jose, CA 95112! Nestled in the heart of Santa Clara County, this vibrant six-unit apartment complex in Downtown San Jose offers an incredible investment opportunity.
This standout property boasts a versatile unit mix of (5) 2 Bed, 1 Bath & (1) 1 Bed, 1 Bath units, all equipped with designated carports and a convenient laundry room. With approximately 4,122 square feet of living space on a 0.14-acre lot, this building promises both comfort for tenants and strong rental income potential for investors.
What makes 420 S 7th St truly special is its unbeatable location. Just steps from San Jose State University, this property is a top choice for students, thanks to its low vacancies and high rental demand in the area.
The location couldn’t be better! You’re less than a mile from San Pedro Square and have easy access to Highway 280, 101, and 680, putting all of San Jose’s attractions within reach. Plus, you’ll be close to major employers like Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters.
Don’t miss this rare chance to invest in one of San Jose’s most sought-after areas! Reach out to The R&Z Group of Compass Commercial today to schedule a viewing and secure 420 S 7th St as your next great investment.
This standout property boasts a versatile unit mix of (5) 2 Bed, 1 Bath & (1) 1 Bed, 1 Bath units, all equipped with designated carports and a convenient laundry room. With approximately 4,122 square feet of living space on a 0.14-acre lot, this building promises both comfort for tenants and strong rental income potential for investors.
What makes 420 S 7th St truly special is its unbeatable location. Just steps from San Jose State University, this property is a top choice for students, thanks to its low vacancies and high rental demand in the area.
The location couldn’t be better! You’re less than a mile from San Pedro Square and have easy access to Highway 280, 101, and 680, putting all of San Jose’s attractions within reach. Plus, you’ll be close to major employers like Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and the Apple Headquarters.
Don’t miss this rare chance to invest in one of San Jose’s most sought-after areas! Reach out to The R&Z Group of Compass Commercial today to schedule a viewing and secure 420 S 7th St as your next great investment.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£126,663
|
£30.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£3,800
|
£0.92
|
| Effective Gross Income |
£122,863
|
£29.81
|
| Taxes |
£17,936
|
£4.35
|
| Operating Expenses |
£18,127
|
£4.40
|
| Total Expenses |
£36,063
|
£8.75
|
| Net Operating Income |
£86,800
|
£21.06
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £126,663 |
| Annual Per SF | £30.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £3,800 |
| Annual Per SF | £0.92 |
| Effective Gross Income | |
|---|---|
| Annual | £122,863 |
| Annual Per SF | £29.81 |
| Taxes | |
|---|---|
| Annual | £17,936 |
| Annual Per SF | £4.35 |
| Operating Expenses | |
|---|---|
| Annual | £18,127 |
| Annual Per SF | £4.40 |
| Total Expenses | |
|---|---|
| Annual | £36,063 |
| Annual Per SF | £8.75 |
| Net Operating Income | |
|---|---|
| Annual | £86,800 |
| Annual Per SF | £21.06 |
Property Facts
| Price | £1,560,988 | Apartment Style | Low Rise |
| Price Per Unit | £260,165 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Net Initial Yield | 5.56% | Building Size | 4,122 SF |
| Gross Rent Multiplier | 12.32 | Average Occupancy | 83% |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Price | £1,560,988 |
| Price Per Unit | £260,165 |
| Sale Type | Investment |
| Net Initial Yield | 5.56% |
| Gross Rent Multiplier | 12.32 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,122 SF |
| Average Occupancy | 83% |
| Number of Floors | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.46/1,000 SF |
Unit Amenities
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 5 | £1,933 | - |
| 1+1 | 1 | £1,397 | - |
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Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 467-48-069 | Total Assessment | £903,485 |
| Land Assessment | £368,768 | Annual Taxes | £17,936 (£4.35/sf) |
| Improvements Assessment | £534,717 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
467-48-069
Land Assessment
£368,768
Improvements Assessment
£534,717
Total Assessment
£903,485
Annual Taxes
£17,936 (£4.35/sf)
Tax Year
2023
zoning
| Zoning Code | RM |
| RM |
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Roseville Apts | 420 S 7th St
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