For Sale | 366 S Willard Ave

Colliers is pleased to present 366 S Willard Avenue in the Buena Vista neighborhood of Central San Jose. The subject property is situated in a suburban location that benefits from a strong tenant profile. A mixture of tech knowledge workers along with workforce housing has combined for strong demand in the market with vacancy rates stabilizing at 5.4% as of Q2 ‘24. 366 S Willard Avenue is in a central location with accessibility to myriad amenities for tenants. High-end retail centers Santana Row and Westfield Valley Fair are just a half mile away, while everyday staples like Walgreens and Safeway are within a 5-minute walk, just around the corner on W San Carlos Street. Santa Clara Valley Medical Center and San Jose City College anchor the neighborhood, located just across Interstate 280 to the south (3-minute drive), making the subject property ideal for hospital employees and students alike. Commuters will also enjoy easy access to Cal-train with Diridon station less than 5 minutes away by car. Downtown San Jose is also a close 5-minute drive, providing tenants with premier shopping, dining, entertainment, and transit options, and easy access to San Jose State University and San Jose International Airport.

The property will be incredibly attractive to an array of investors with over 16.7% of rental upside. 366 S Willard Avenue is a 1950’s constructed apartment building consisting of (4) 1-bedroom units and (2) 2-bedroom units. With a mix of renovated and original unit types, a new buyer can execute value-added opportunities through significant rental upside. This is an ideal opportunity for an owner/user or an investor to purchase a phenomenally located apartment property. Each unit has a spacious floorplan, allowing work-from-home capabilities that are a luxury in a post-COVID world.