Listed By Compass
The Commercial Property for Sale located at S 10th Street, San Jose, California 95112 is currently for sale. S 10th Street, San Jose, California 95112 is listed for $4,153,000.
$4,153,000 USD
Commercial for Sale, S 10th Street, San Jose, California 95112
- MLS#405663007
- Minimum sellable space
504 m² (5,420 ft²)
Property features
Property
- Property size:
504 m² (5,420 ft²)
Lot/Land
- Land/Lot size:
1,698 m² (18,274 ft²)
Construction
- Year built: 1901
- Roofing: Shingle
- Roof type: Flat
Heating and Cooling
- Heating system: Forced Air
Description
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. With over 1 million residents and 36,000+ students at San Jose State University, demand for centrally located, affordable housing continues to outpace supply.
Location
S 10th Street, San Jose, California 95112