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Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648
$4,150,000
Est. payment /mo
2 Beds
1 Bath
6,828 SqFt
New
439-441 S 5th ST San Jose, CA 95112
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,828 sqft
Price per Sqft $607
MLS Listing ID ML82044370
Bedrooms 2
Full Baths 1
Year Built 1957
Lot Size 9,522 Sqft
Property Sub-Type Five or More Units
Property Description
Veridian on 5th is a 12 unit apartment community located just ±300 feet from San José State University, offering a premier downtown San Jose setting with immediate access to a strong and consistent tenant base. The property features an all two bedroom unit mix with highly functional layouts that appeal to roommates, students, and young professionals, supporting consistent rental demand. There is also meaningful remaining income upside, providing a clear opportunity to increase rents and enhance returns. Located directly across the street from San José State University, residents benefit from true walkable access to campus, along with proximity to Downtown San Jose and San Pedro Square within approximately 0.5 miles, offering a wide range of dining, retail, and entertainment options. The property is also approximately two miles from Diridon Station, providing connectivity to Caltrain, ACE, and future BART service. Supported by the demand drivers of San José State University and the broader Silicon Valley employment base, the property benefits from strong long term rental fundamentals. Select units feature in unit washer and dryer, including Unit 439-5, adding to tenant convenience and overall rental appeal.
Location
State CA
County Santa Clara
Area Central San Jose
Building/Complex Name VERIDIAN ON 5TH
Zoning R4
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Uncovered Parking
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Restrictions None
Tax ID 467-47-071
Security Features None
Special Listing Condition Not Applicable
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