1019 Villa Avenue, San Jose, CA 95126

Property Description

Investment opportunity with $132,901 NOI, a 6.04% in-place cap rate, $147,221 pro forma NOI, and a 6.71% pro forma cap rate. The property currently generates approximately $13,935 per month in rental income and consists of seven residential units across two separate buildings on one APN. 1019 Villa Ave features a 2-bedroom, 1-bath single-family residence with approximately 1,200 sq ft plus a full cement-construction basement. 1021 Villa Ave is a six-unit multifamily building with six 1-bedroom, 1-bath units. Reported rents provide potential for future income growth, subject to applicable laws, tenant protections, lease terms, and market conditions. Recent capital improvements include new windows and new electrical panels. The two-address configuration, established rental income, recent improvements, and projected NOI growth make this a compelling opportunity for investors seeking an income-producing residential asset in San Jose.