$4,150,000
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.
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Listed by Mitchell Zurich with Marcus & Millichap (650) 391-1700
Property Type
Commercial Sale
Status
Active
MLS Number
ML82044370
Year Built
1957
Lot Size
9,522 sq ft