2131 Marlboro Court

San Jose , CA 95128

MLS#: ML82002455

$3,150,000

Status: Active
Listing number: ML82002455
Listing provided by: Jefrey Henderson, Broker
Listing agent phone: None
Last update: 9 days ago
On site: 5 months ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1957

Sq.Footage

N/A

Phenomenal Rental Increase Potential with little to no capex needed! 2131 Marlboro Ct The Property is an 11-unit multifamily asset in the heart of San Jose, California. The property consists of well-maintained rental units with 6,972 rentable square feet, averaging approximately 634 square feet per unit. Built in 1957, this property has been substantially renovated and programmatically improved resulting in little/no deferred maintenance. The property achieves strong in-place rents of $1,863 per unit, or $2.94 per square foot, supported by robust market fundamentals and a high-demand rental environment. This presents a compelling opportunity for investors to acquire a stable, income-generating asset in a thriving market. Additional value-add upside can be achieved through programmatic renovations in all 10 units. The units are currently lightly upgraded and have been well-maintained but rents can continue to be increased with additional unit improvements.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.2204

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $3,150,000

  • Tax Amount

    43000.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Santa Clara

Elementary School

Middle School

High School

Listing Courtesy of Jefrey Henderson , Jefrey Henderson, Broker

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Phenomenal Rental Increase Potential with little to no capex needed! 2131 Marlboro Ct The Property is an 11-unit multifamily asset in the heart of San Jose, California. The property consists of well-maintained rental units with 6,972 rentable square feet, averaging approximately 634 square feet per unit. Built in 1957, this property has been substantially renovated and programmatically improved resulting in little/no deferred maintenance. The property achieves strong in-place rents of $1,863 per unit, or $2.94 per square foot, supported by robust market fundamentals and a high-demand rental environment. This presents a compelling opportunity for investors to acquire a stable, income-generating asset in a thriving market. Additional value-add upside can be achieved through programmatic renovations in all 10 units. The units are currently lightly upgraded and have been well-maintained but rents can continue to be increased with additional unit improvements.

2131 Marlboro Court

Message successfully sent.

What would you like to know?

Related Properties

12 High-Quality, Pride-Of-Ownership Units in Alum Rock /San Jose Area. First Time on Market in 30+ Years/Generational Asset. Strong Historical Tenancy: Easy to Lease & Easy to Manage w/ Reliable Cashflow and Rental Upside. 2 APNs (6-Units Each Parcel) to Be Sold Together. 12-Units Attractively Priced at $3,180,000. $265,000/Unit. $452/SF. CAP Rate: Current: 4.93%. Market: 6.66%. GRM: Current: 11.8; Market: 9.7. Excellent Unit Mix: Twelve (12) Spacious 1 Bedroom/1 Bath Units (565 SF). 20 Uncovered Parking Spaces in Rear of Property: 10 Parking Spaces for Each Parcel. Shared Courtyard Between 2 Parcels w/ 2 Driveways to Access Parking Spaces. 8 of 12 Units Have Been Renovated w/ Updated Kitchen & Bathrooms. 1-Unit Receives Partial Housing Assistance. Easy to Manage Units with Low Tenant Turnover. Consistently Strong Rents. Steady Cashflow. Capital Improvements: Dual-Pane Windows, Sliding Doors, New Water Heaters, and More. Proven, Consistent Income-Generator, Providing Strong Cashflow with Low Vacancies and Turnovers. Excellent, Convenient, Cul-de-Sac Location Near HWY 680 & 101, Convenient Access to SJC Airport & Major Silicon Valley Employers. Major Technology Employers: NVIDIA, Adobe, Apple, Cisco, PayPal. PLEASE DO NOT DISTURB TENANTS.
#ML82020180

San Jose

La Pala Drive

None Beds

None Baths

7,040 Sq.Ft.

$3,180,000

MLS#: ML82020180

159 & 165 Union St is an exceptional 12-unit apartment community located in the prosperous city of San Jose, California. Situated on two contiguous parcels of land totaling 18,032 square feet, the subject properties were originally constructed in 1957 and feature a gross building area of approximately 7,192 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private parking and an on-site laundry facility. The subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Joses largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises.
#ML82019689

San Jose

Union Street

None Beds

None Baths

7,192 Sq.Ft.

$2,880,000

MLS#: ML82019689

This property can be purchased individually or together with 423 N 26th St. Composed of 13 units (8) 2 Bed 1 Bath and (5) 1 Bed 1 Bath apartment units the property provides a versatile unit mix that appeals to a wide tenant base. Each unit comes with a designated tucked-under carport, and the building is equipped with an on-site laundry room featuring two washers and two dryers, with card readers, both owned. The 2-bedroom units have the benefit of forced-air heating, while the 1-bedroom units are equipped with wall furnaces. Built with durability in mind, this asset features a low-pitched tar and gravel roof and a concrete slab foundation, ensuring long-term stability and ease of maintenance. With approximately 10,260 square feet of living space on-site, the property sits on a footprint that efficiently balances tenant livability with investor performance. Utilities are set up with separately metered gas and electric, while water is master metered for straightforward operations. Major employers nearby include Adobe, Cisco, PayPal, eBay, Western Digital, Zoom, and SJSU, reinforcing consistent rental demand from Silicon Valleys thriving workforce. Located near the future Bart Little Portugal Station and the on going Five Wounds Neighborhood development.
#ML82019582

San Jose

445 N 26th Street

None Beds

None Baths

10,260 Sq.Ft.

$3,627,000

MLS#: ML82019582

357 Willow Street, San Jose, CA 95110 a compelling multifamily investment opportunity located in the vibrant Goodyear Mastic neighborhood. This well-positioned two-story building features a desirable unit mix of ten (10) one-bedroom, one-bathroom units, each approximately 375 square feet (buyer to verify), and totaling ±4,500 square feet of living space situated on a 0.14-acre lot. Recent property enhancements include updated vinyl laminate flooring, dual-pane windows throughout Additionally, ownership has invested in energy efficiency with the addition of solar panels and a recently upgraded vinyl flat roof minimizing future capital expenditures. The main electrical panels have been recently upgraded to meet the solar panel standards, while the sub-panels are Square-D. 357 Willow Street has recently undergone significant capital improvements designed to enhance long-term asset value, tenant comfort, and energy efficiency: LG Solar Energy System - 15.3kW LG Solar Electric System - 225-amp electrical panel - Updated PVC membrane roof - Total capital expenditure exceeding $135,000 Additional Property Enhancements - Full exterior repainting - Installation of double-pane windows throughout Solar panels are owned and cover most of the utility expenses.
#ML82017357

San Jose

357 Willow Street

None Beds

None Baths

4,500 Sq.Ft.

$2,550,000

MLS#: ML82017357

1663 Alum Rock must be purchased with 1661 Alum Rock. Total asking price for both 1661 & 1663 Alum Rock ave is $3,250,000
#ML82015808

San Jose

1661 Alum Rock Avenue

None Beds

None Baths

9,313 Sq.Ft.

$3,250,000

MLS#: ML82015808

Nestled on a quiet cul-de-sac in a prime San Jose rental market, 2041 Beatrice Ct. presents an attractive investment opportunity offering both stability and growth potential. The well-maintained 12-unit complex features: ~6,104 SF of rentable building space, a large ~13,500 SF lot, ample on-site parking and a strong unit mix of ten one-bedroom and two two-bedroom apartments, all of which support steady cash flow and consistent tenant demand. With rents currently below market, there is a clear opportunity to increase net operating income through interior renovations and strategic rent adjustments. Interior Remodeling: 4 complete, 6 partially, 2 none. Recent exterior upgrades, including dual pane windows, remodeled laundry room, pave the way for further value-add enhancements. Ideally located near a city redevelopment zone, the property is well-positioned to benefit from future neighborhood appreciation and infrastructure improvements. Tenants enjoy excellent access to shopping centers, major highways, and public transit, making this an attractive, low-vacancy asset in one of San Jose's most desirable sub-markets. This 12-unit apartment complex offers the perfect blend of current income, future upside, long-term security, location, lot size, unit mix which enhance future growth.
#ML82015519

San Jose

2041 Beatrice Court

None Beds

None Baths

6,104 Sq.Ft.

$3,330,000

MLS#: ML82015519

This rare freestanding retail building at 1638 Alum Rock Avenue presents a compelling opportunity for both owner-users and investors. The Buyer can acquire either the property only or both the property and business. Located in the heart of San Joses vibrant Alum Rock/Little Portugal corridor, the 5,308 SF property features excellent street visibility, 12 dedicated parking spaces, and C3H zoning that supports a variety of commercial uses. Surrounded by a dense residential population and high traffic counts, this asset offers strong potential for long-term appreciation, stable income, and business growth in one of East San Joses most active retail trade areas. Rare Opportunity: Own just the property or property & business with SBA Loan Eligibility GD Commercial proudly presents a unique dual investment opportunity at 1638 Alum Rock Avenue, San Jose, CA. This offering includes both a fully occupied commercial property and the established, profitable Alum Rock Beauty Supply business, making it an ideal investment for an owner-user or an investor seeking stable cash flow with long-term appreciation Financial Overview:  Property Asking Price: $2,999,000 ($565/SF)  Business Asking Price: $199,000 (Inventory not included)  Zoning: C3H
#ML82015427

San Jose

1638 Alum Rock Avenue

None Beds

None Baths

5,308 Sq.Ft.

$2,999,000

MLS#: ML82015427

Introducing 90 Karina Ct, a unique and strategic offering in the heart of North San Jose, a fully cleared and flat 0.76-acre parcel located at the end of a quiet cul-de-sac, providing privacy, accessibility, and flexibility. Currently zoned for industrial use, this property is ideal for warehousing, light manufacturing, logistics, or flex-industrial development. Its excellent locationjust minutes from major tech campuses, freeways, and San Jose International Airport, makes it a valuable holding in Silicon Valleys industrial core. What truly sets this parcel apart is the potential for rezoning. With thoughtful city engagement, this property could be reimagined into alternative uses such as mixed-use commercial, multifamily residential, or a hybrid live-work environment. If rezoning is explored and approved, it could unlock an entirely new level of value and create an exceptional opportunity for developers and visionary investors.
#ML82012862

San Jose

90 Karina Court

None Beds

None Baths

N/A

$2,999,888

MLS#: ML82012862

Prime Investment Opportunity in the Heart of San Jose. Welcome to 336 N 5th St, a centrally located 10-unit multifamily asset in vibrant Downtown San Jose. This property offers a unit mix of eight 1Bd/1Ba units, one 2Bd/1Ba unit, and one studio, catering to a wide range of tenant needs. Situated on a 9,798 SF lot, the property features a gross building area of approximately 5,521 SF. Residents enjoy convenient on-site amenities including covered parking, storage lockers, and laundry facility. Strategically positioned within walking distance to SJSU, Japantown, and the SJ Market Center, this property is surrounded by a dynamic mix of retail, dining, and entertainment options. It also offers easy access to major hwys (280, 101, 87), Caltrain, Light Rail stations, and just minutes from San Jose Mineta International Airport, one of Northern Californias busiest travel hubs. Located in one of the most prosperous and innovation-driven cities in the U.S., this asset presents an opportunity for both savvy investors and 1st time buyers to acquire a stable, income-generating property w/ long-term upside potential. Proximity to major employers, universities like SCU and SJSU, and the city's ongoing urban revitalization make this a highly desirable investment in a thriving rental market.
#ML82010944

San Jose

336 N 5th Street

None Beds

None Baths

5,521 Sq.Ft.

$2,999,000

MLS#: ML82010944

Step into a fantastic investment with this bustling nightclub, fully equipped with a vibrant bar and a loyal clientele. Strategically located on a busy street, this venue benefits from high visibility and foot traffic, making it a staple in the nightlife scene. This listing includes both the property and the established business, presenting an excellent opportunity for new ownership. With a strong regular client base and a reputation for lively events, youll be set for immediate success. Additionally, the property holds significant potential for redevelopment into valuable high-density apartments, catering to the growing demand in the area. Dont miss out on this rare chance to own a profitable venue with incredible future possibilities! Contact us today to learn more!
#ML82009188

San Jose

2021 Alum Rock Avenue

None Beds

None Baths

2,828 Sq.Ft.

$3,500,000

MLS#: ML82009188

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here