About this home

Veridian on 5th is a 12 unit apartment community located across the street from San Jose State University, offering a premier downtown San Jose setting with immediate access to a strong and consistent tenant base. The property features an all two bedroom unit mix and benefits from individually metered water, gas, and electric, reducing operating expenses and providing additional upside. The units offer functional layouts that appeal to roommates, students, and young professionals, supporting consistent rental demand. There is meaningful remaining income upside, offering a clear opportunity to increase rents and enhance returns. Located directly across from San Jose State University, residents enjoy true walkable access to campus, along with proximity to Downtown San Jose and San Pedro Square within approximately 0.5 miles. The property is also close to Diridon Station, providing access to Caltrain, ACE, and future BART service. Supported by SJSU and Silicon Valley employment, the property benefits from strong long term rental fundamentals. A full marketing package is available upon request.

Facts and features

Schools

• Gardner Elementary School

  elementary · K-5 · 1.0 mi

  2

• Herbert Hoover Middle School

  middle · 6-8 · 2.3 mi

  4

• Abraham Lincoln High School

  high · 9-12 · 2.4 mi

  7

• Notre Dame High School San Jose

  high · 9-12 · 0.2 mi

• Lowell Elementary School

  elementary · K-5 · 0.3 mi

  2

• Perseverance Preparatory

  elementary · 5-8 · 0.5 mi

Price history

• Oct 20, 2026 · Listed$4,150,000
• Jan 31, 2024 · Sold$131,500
• Dec 7, 2018 · Sold$8,800,000

Tax history

• 2024$48,779 tax · $3,803,357 assessed
• 2023$47,743 tax · $3,655,670 assessed
• 2022$47,394 tax · $3,583,991 assessed
• 2021$46,407 tax · $3,513,718 assessed
• 2020$45,677 tax · $3,477,690 assessed
• 2019$44,775 tax · $3,409,500 assessed
• 2018$9,983 tax · $427,966 assessed
• 2017$9,842 tax · $419,575 assessed

Where it is