$6,550,000
635 S 11th St, San Jose, CA 95112
0 Beds
0 Baths
15,306 SqFt

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Well maintained 20 unit apartment building in Downtown San Jose, 2 blocks from San Jose State University. 13, 2BD/1BA units & 7, 1BD/1BA units. Units are at or near market rates. Opportunity exists to increase rents. (Subject to San Jose ARO). Income for 2022 is projected to be $439,201 and at market level the building should generate $530,400 annual income. Average rent for the 2BD/1BA units is $1,943 and $1,605 for the 1BD/1BA units. Average rents for a comparable 2BED unit in the area is $2,350 and $1,950 for a 1BED unit. On-site laundry facility generates additional income of $1,300 annually. All of the units have been renovated including: kitchens & baths, laminate flooring, and double-pane windows. Built in 1963, classic three-story, walk-up, Garden Style. 18 tuck-under parking spaces and 4 uncovered spaces on-site. Tenants pay gas, electric, phone & cable. Owner pays water & sewer, trash and common area utilities. Very strong rental area.
  • Price:
  • $6,550,000
  • Square Footage:
  • 15,306
  • Acreage:
  • 0.30
  • Year Built:
  • 1963
  • Listing ID #:
  • ML81889377
  • Street Address:
  • 635 S 11th St
  • City:
  • San Jose
  • State:
  • California
  • Postal Code:
  • 95112
  • County:
  • Santa Clara
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Flooring:
  • Laminate
  • Total Building Square Footage:
  • 15306
  • Type Of Roof:
  • Composition Shingles
  • Year Built:
  • 1963
  • Lot Size:
  • 13068
  • Lot Square Footage:
  • 13022
  • Parking Description:
  • Assigned
  • Appliances:
  • Refrigerator
  • Existing Water:
  • Public
  • Heating:
  • Wall Furnace
  • Laundry:
  • Coin Operated
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Michael Shields of Siliconvalley Multifamilygroup
  • CABAYEAST

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