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C$ 4,000,000

Est. payment | -/mo

1 Bed

5,420 SqFt

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C$ 4,000,000

Est. payment | -/mo

Save Video Tour

1 Bed

5,420 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,420 sqft

Price per Sqft C$738

Lot Size 0.420 Acres

MLS Listing ID ML82027972

Bedrooms 1

Property Description

PRICE REDUCED $153,000!! PORTFOLIO OF FOUR PRIME PROPERTIES IN CENTRAL SAN JOSE! One Duplex & three Single-Family Homes consisting of 38 income producing Single-Room Occupancy (SRO) Units in walkable neighborhoods near downtown San Jose and San Jose State University. Each home features private bedrooms within a shared living environment designed for students, service workers, and young professionals seeking affordable, centrally located housing - 80% of current tenants are SJSU students. Addresses in order of appearance in Photos: 684 Julian St - 8 bedrooms + 3 bathrooms (fully renovated single-family home including newer ADU converted from garage). 22 S 10th St - 11 bedrooms + 4 bathrooms (Duplex). 325 E Saint John St - 9 bedrooms + 3 bathrooms (SFR). 1090 S 7th Street - 10 bedrooms + 5 bathrooms (SFR). In-place rents average 30% below market, offering a clear path to higher cash flow and a significant add-value opportunity for a new owner to make modest unit & common area improvements as turnovers occur and increase cash flow. All four properties offer parking (some permits) & storage spaces. In-place utility reimbursements for all tenants. Over 1 million residents and 36,000+ students at San Jose State University drives demand for housing.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning CG

Interior

Heating Forced Air, Gas

Cooling None

1-purchase type For Sale

Exterior

Garage Parking Area, Varies by Unit

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Flat / Low Pitch,Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 467-25-070

Security Features Security Lights

Special Sale Not Applicable

Listed by Matthew Thomson of Compass
Bought with Matthew Thomson of Compass

NEARBY SCHOOLS & PROPERTIES

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557 SE Washington Ave, Minneapolis, MN, 55455, USA

22 S 10th ST San Jose, CA 95112

Key Details

Location

Interior

Exterior

Building

Others

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22 S 10th ST