1566 Stokes Street
Size: 4 units
Price: $1,850,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 1566 Stokes Street, a fourplex located in Central San Jose, while also within proximity to Campbell and eBay’s main campus. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley.

1566 Stokes Street is a four-unit multifamily property located in San Jose. The unit mix consists of (2) 1 bedroom / 1 bathroom, (1) 2 bedroom / 1 bathroom and (1) 3 bedroom / 2.5 bathroom. It sits on a lot that is 0.20 acres or 8,712 Sqft. Residents enjoy amenities such as on-site parking in a gated lot and a laundry room. The location is also a key highlight as it's next to several major streets and transit hubs, while located between numerous centers of economic activity.

Its location puts residents in close proximity to several points of interest in Central San Jose and Campbell. The Los Gatos Creek Trail runs directly behind the property, providing convenient access to a scenic nature path as well as easy walking access to eBay’s main campus, the Pruneyard Shopping Center, and Downtown Campbell. Thanks to its proximity to the Bascom Station, residents can easily travel to the SAP Center, Downtown San Jose, or Levi’s Stadium. The Pruneyard Shopping Center and Downtown Campbell are just 10 minutes away and combine they host over 100 restaurants, shops, and services. Also within a short drive are Santana Row and Valley Fair Shopping Center, both of which serve as major hubs of commerce and culture in the region.

The South Bay is one of the most expensive communities in the United States. The average median home price in San Jose is over $1.4M and in Campbell it’s over $1.8M (as of April 2024). This places homeownership out of reach for most residents, which creates a robust tenant base.

Location and Property Highlights

  • Property has completed all SB-721 requirements - the required inspections of exterior elevated elements (balconies).

  • Unit 1 has been fully renovated with new stainless steel appliances, flooring, countertops, and bathroom fixtures.

  • Most of the units are large and spacious.

  • Gated parking lot allows for controlled access and a sense of security.

  • On-site laundry allows for an additional source of revenue.

  • Los Gatos Creek Trail runs behind the property, and it offers a direct path all the way to eBay's Main Campus, the Pruneyard Shopping Center, and Downtown Campbell.

  • Lightrail offers a direct route to either Downtown Campbell or Downtown San Jose.