859-879 Villa Avenue

The R&Z Group is pleased to announce the successful closing of a distinctive 8-unit multifamily property located in San Jose's prestigious Rose Garden neighborhood. The property sold for $3,510,000, marking another notable transaction for the Bay Area multifamily brokerage.

The property consists of six detached 2-bedroom/1-bathroom cottages and two large 2-bedroom/1-bathroom flats, totaling 7,808 square feet across seven buildings. The transaction closed at $449.54 per square foot and $438,750 per unit, with a 6.12% cap rate and 11.55 GRM. Notably, the property is San Jose Rent Control Exempt and individually metered for PG&E and water — two highly sought-after attributes that add significant value for income-focused investors.