Compass Commercial and Marcus & Millichap are pleased to exclusively market for sale Holly Oaks Apartments, a 45-unit apartment community located at 5500 Camden Avenue in San Jose, CA. This beautiful garden-style community is being presented to the market for the first time in more than 30 years. This offering represents the rare opportunity to acquire a value-add investment in a neighborhood with limited rental options and no new multifamily development.

Built in 1974, Holly Oaks Apartments is comprised of five two-story residential buildings and a single-story amenity building on an approximately 1.54-acre parcel. The community has 44 one-bedroom units that measure approximately 625 square feet and one two-bedroom manager’s unit that is approximately 1,100 square feet. Project amenities include a leasing office, swimming pool, laundry facilities, and manicured grounds. There are 45 carports and 20 open parking spaces, for a parking ratio of 1.44 spaces per unit. Ownership is replacing all of the roofs at the property, eliminating a significant capital expenditure for the buyer.

The property is located near the intersection of Camden Avenue and Blossom Hill Road in San Jose. The site is easily accessible from Highway 85 and is a short commute to major employment centers in San Jose, Los Gatos, and Campbell. Holly Oaks is also near major shopping centers and entertainment districts. Costco, Whole Foods, Target, Walmart, Safeway, and Lucky are located just minutes away. Westfield Oakridge Mall is three miles east of the property and downtown Los Gatos is less than five miles west. 

Schools in the neighborhood include Lietz Elementary School, Dartmouth Middle School, and Branham High School. In addition to numerous neighborhood parks, outdoor recreation opportunities include the Guadalupe Creek Trail, Almaden Lake Park, and Almaden Quicksilver County Park.