264 N White Rd, San Jose, CA 95127
LISTED AT $3,495,000
8-Unit Multifamily | $80K Upside | Prime San Jose Investment
Positioned in the heart of Silicon Valley, 264 N White Rd is a rare opportunity to own a fully occupied 8-unit multifamily asset with significant upside and strong long-term value. All units are spacious 2 bed / 1 bath layouts with month-to-month tenants, offering flexibility for immediate rent increases or full repositioning.
Currently generating $16,188/month, this stabilized income property is significantly under market, with a potential gross rent of $22,880/month, unlocking over $80,000/year in additional income.
Located on a generous 10,019 sq ft lot, zoned R3H, the property offers future development potential, equity growth, and is ideal for a 1031 exchange or savvy portfolio expansion. Built with wood frame construction, stucco exterior, and a composition shingle roof, the building also features on-site coin-op laundry and ample parking. Interiors are primed for cosmetic upgrades to Elevate rents to full market value.This is more than just a yield play—it’s a cash flow + appreciation hybrid in one of the Bay Area’s strongest rental corridors. Whether you're an investor, syndicator, or exchange buyer, 264 N White Rd is a high-leverage asset in a high-demand market.
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APN: 601-03-059
Listing Price: $3,000,000
MLS Area: Alum Rock
County: Santa Clara
Property Type: Multi-Family Residential – 8 Units
Zoning: R3H (Multi-Family Residential)
Ownership Type: Fee Simple
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Total Units: 8 Residential + Laundry Room
Unit Mix: All 2 Bed / 1 Bath
Building Size: 6,572 sq ft
Year Built: 1950
Renovated: 1967
Flooring: Vinyl plank and tile (typical for similar units)
Heating: Wall-mounted gas heaters (common for the area)
Cooling: No central A/C; some units may have wall or window units
Appliances: Gas stoves and refrigerators (standard for similar multifamily)- Interior
Features: Spacious floorplans, long-term tenants, opportunity for interior upgrades
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Lot Size: 10,019 sq ft
Parking: On-site (verify if covered or assigned)
Roof: Composition Shingle
Construction: Wood Frame with Stucco Exterior
Additional Features: On-site laundry (coin-op), mature landscaping
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For further information or to schedule a private tour, please contact:
Chesca Joan Pagkalinawan REALTOR®
DRE License #: 02187076
Phone: (424) 468-3669
Office: (408) 854-0828
Email: chesca@nexthomeaxisrealty.com
Brokerage: NextHome Axis Realty
Office Address: 2690 S White Road, Suite 110, San Jose, CA 95148
Website: NextHomeAxisRealty.com
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Showing Instructions: Drive-by only. Interior inspections upon accepted offer. All tenants are M2M.
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