832 Deland Ave.
Size: 6 Units
Price: $1,825,000

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

  • Spacious units that average over 500 sq ft each per county record.

  • Units have a kitchen and living room.

  • Unit 3 was renovated with new appliances, flooring, and fixtures.

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

  • Plumbing and pipes were upgraded to copper in 2019.

  • 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.