3531 Alden Way — Sale in San Jose, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: San Jose, CA 95117
Photos
Investment Figures
- Cap rate
- 6.08%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present 3531 Alden Way, a well-located 9-unit multifamily investment opportunity in San Jose. The property consists of six (6) 2-bedroom x 1-bathroom units and three (3) 1-bedroom x 1-bathroom units, totaling approximately 6,900 square feet on a 0.25-acre lot. Built in 1958, the asset offers a unit mix that appeals strongly to local renter demand, particularly among tech workers and small households seeking proximity to major employment and lifestyle amenities. The property benefits from a premier West San Jose location with exceptional access to some of the strongest demand drivers in the region. It is approximately one mile from Santana Row and Westfield Valley Fair, two of the Bay Area’s top retail and dining destinations. Additionally, the property is roughly 5.5 miles from Downtown San Jose and Downtown Santa Clara, placing it within close reach of major employment hubs including Apple, NVIDIA, Adobe, and numerous other Silicon Valley tech campuses. From an operational standpoint, the property includes several features that support both tenant retention and future income upside. A dedicated on-site laundry room with hookups is in place, and while no equipment is currently installed, a future owner can easily activate this space to generate additional monthly income. The property also includes 9 covered parking spaces, a strong amenity in this submarket where parking is consistently valued by tenants. Overall, 3531 Alden Way presents a stable, well-located multifamily asset with clear upside through operational enhancements and ancillary income opportunities. Its strong unit mix, desirable parking ratio, and proximity to major employment and lifestyle amenities make it an attractive option for both long-term hold investors and value-add strategies. Investment Highlights: • Nine covered parking spaces • On-site laundry room with hookups • Electrical panels have been upgraded • SB 721 Work completed • Most units have been renovate
Market Context
This multifamily in San Jose, CA is listed for sale. It is offered at an approximate 6.1% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in San Jose, CA — view the full market.
Contact
- Omid Azimzadeh · (650) 391-1736 · omid.azimzadeh@marcusmillichap.com
- Mitch Zurich · (650) 391-1824 · mzurich@marcusmillichap.com
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