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$ 10,000,000
Est. payment | /mo
27,552 SqFt
$ 10,000,000
Est. payment | /mo
27,552 SqFt
OPEN HOUSE
Fri Apr 25, 11:00am - 1:00pm
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 27,552 sqft
Price per Sqft $362
MLS Listing ID ML82002833
HOA Y/N No
Year Built 1962
Lot Size 0.433 Acres
Acres 0.43
Property Sub-Type Other
Property Description
Marcus & Millichap is pleased to present El Dorado Apartments, a rare opportunity to acquire a high-quality multifamily asset across from San Jose State University. Located at 315 East San Fernando Street, this well-positioned property features 29 spacious two-bedroom, 1.5-bath units and one two-bedroom, one-bath unit. The building totals 30 units, offering approximately 27,552 square feet of living space on an 18,870-square-foot lot. Built in 1962, El Dorado Apartments is considered Type III construction and features a podium-style design, with a concrete target story providing enhanced fire resistance and structural integrity. This style of construction is more durable and costly to build, offering long-term value through concrete materials versus wood frame. With generous unit sizes, superior construction, and a desirable downtown location, the property delivers the ideal blend of convenience, durability, and strong rental demand.
Location
State CA
County Santa Clara
Zoning C
Interior
Heating Forced Air
Fireplace No
Exterior
Handicap Access Other
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 46724109
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Listed by Jimmy Castellanos • Marcus & Millichap