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Listed by Leo Zhang • Re/Max Accord
$2,850,000
Est. payment /mo
6,248 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,248 sqft
Price per Sqft $456
Subdivision San Jose Cc
MLS Listing ID 41114871
HOA Y/N No
Year Built 1959
Lot Size 9,453 Sqft
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
Welcome to a Prime Investment Opportunity! More than 5% CAP rate! Discover this exceptional 9-unit apartment building, ideally located just a quarter block from San Jose State University and Downtown San Jose — offering unbeatable convenience and high rental demand. The property features 8 covered carports, each with its own storage space, plus 1 enclosed garage and 2 open parking spots, providing ample parking for tenants. Residents also enjoy on-site laundry with QR code payment access, while owners benefit from two additional storage units and one office space for personal use. All nine units are fully occupied, highlighting the strong rental performance in this sought-after area. Recent improvements include new wall heaters, updated bathtub faucets, freshly painted exterior and stairways, automatic irrigation, and modernized mailboxes — ensuring a well-maintained and attractive property. With significant upside rent potential, this is a rare opportunity to own a stable, income-producing asset in a thriving urban location. Don't miss the chance to invest in comfort, practicality, and long-term value!
Location
State CA
County Santa Clara
Interior
Heating Electric, Forced Air
Cooling Other
Flooring Laminate, Tile, Carpet
Fireplace No
Appliance Washer
Building
Lot Description Back Yard
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Sammy Shrimali
Broker Associate | License ID: 01009299
Broker Associate License ID: 01009299