Description
354 N. 5th Street is an excellent value-add investment opportunity in the heart of Silicon Valley. Constructed in 1956, the property consists of (8) one-bedroom/one-bathroom units with strong current income and further upside in rents. Notable capital improvements include new exterior paint, dual pane windows, plumbing and drain line upgrades, new water heater, and multiple renovated interior units. The property also features covered parking with tenant storage lockers and a coin-operated laundry room. The building is located walking distance to Downtown San Jose and San Pedro Square. It is also less than 10 minutes away from top tech employers, including the new Google Headquarters development, Zoom, Adobe, and eBay. Tenants enjoy easy access to local restaurants and shops, in addition to public transportation and Highways 280, 880, and 101.
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