832 Deland Ave.
Size: 6 Units
Price: $1,799,000

The Azucena Group of Marcus & Millichap is pleased to present the opportunity to acquire 832 Deland Ave., a 6-unit multifamily property located in 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.

832 Deland Ave. is a 6 unit multifamily property located in Central San Jose. The unit mix consists of (6) 1 bedroom / 1 bathroom that are approximately 585 sq ft each. The property sits on a 0.15 acres (or 6,440 sq ft) lot. Among the amenities are ample parking and easy access to most points of interest in the South Bay. The property has undergone numerous improvements in recent years including a complete remodel of unit 3, replacement of the deck/stairs/handrails, and upgraded copper plumbing.

Located in a suburban area next to Southwest Expressway, residents of 832 Deland Ave. are close to several points of interest in Central San Jose and Campbell. Given its proximity to the Fruitdale Station, residents could easily traverse to either Downtown Campbell, the SAP Center, Downtown San Jose, or Levi Stadium. Pruneyard Shopping Center is only 10min away and it has over 50 restaurants, shops, and services. Also within a short drive is Santana Row along with Valley Fair Shopping Center, both serving as the center of commerce and culture of the area.

The South Bay is one of the most expensive communities in the United States. The average median home price in San Jose is over $1.3M and in Campbell it’s over $1.7M (as of April 2023). This places homeownership out of reach for most residents, which creates a robust tenant base.

Highlights

  • Unit 3 has been fully renovated with new new kitchen and bathroom that includes appliances, flooring, and fixtures.

  • Most units have updated bathrooms that include new fixtures, sink, and shower heads.

  • With the exception of Unit 2, all units have had synthetic hardwood style flooring installed.

  • Plumbing has been upgraded with copper pipes and ABS wastelines.

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

  • Stairs, handrail, and walkway were replaced in 2020.

  • Each unit is assigned one parking space.

  • Building has been updated with dual pane windows.

  • Fruitdale Lightrail Station is a short walk away.

  • Lightrail offers a direct route to either Downtown Campbell or

  • Downtown San Jose.

  • Residents are a short drive away from eBay’s main campus.

  • Valley Fair Mall and Santana Row are a short drive away.

  • The Pruneyard Shopping Center and Downtown Campbell are a short drive.

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