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Listed by Compass
$ 4,000,000
Est. payment /mo
Active
22 S 10th Street San Jose, CA 95112
5,420 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,420 sqft
Price per Sqft $738
MLS Listing ID ML82027972
HOA Y/N No
Year Built 1901
Lot Size 0.420 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Dishwasher, Refrigerator
Building
Water Public