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$ 1,150,000
Est. payment | /mo
1,332 SqFt
$ 1,150,000
Est. payment | /mo
1,332 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 1,332 sqft
Price per Sqft $863
MLS Listing ID ML82052616
HOA Y/N No
Year Built 1898
Lot Size 6,900 Sqft
Property Sub-Type Other
Property Description
Downtown San Jose multifamily property presents a value-add opportunity for investors experienced in property renovation and lease-up strategies. The property consists of 5 units, including one 1br/1ba unit and four studios. One of the vacant studio units is rentable in its current condition with limited repairs, while the other two vacant studios require renovation prior to occupancy. While various improvements have been made over the years, the building would be more valuable and command higher rents if the units were renovated and additional capital improvements are made. The building is master-metered for water, sewer, gas, and electricity, all of which are currently paid by the owner. Plumbing consists primarily of galvanized piping. The building includes a large unfinished attic area that may offer development opportunities. The property also contains a substantial basement area with multiple storage rooms. Property includes an on-site washer and dryer for tenant use. Rear parking area accommodates approximately six vehicles. The property is located within Downtown San Jose and provides convenient access to major employment centers, public transportation, retail services, restaurants, entertainment venues, and ongoing redevelopment activity throughout the urban core.
Location
State CA
County Santa Clara
Zoning R4
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate, Tile
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 24946056
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Listed by Michael Shields • SiliconValley MultiFamilyGroup
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