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$1,200,000
Est. payment /mo
2,644 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82018284
HOA Y/N No
Year Built 1935
Annual Tax Amount $16,279
Lot Size 2,644 Sqft
Property Description
Marcus & Millichap is pleased to present 162 E San Salvador Street, a 5-unit multifamily investment directly across from San Jose State University. This prime location ensures exceptional rental demand driven by the university's nearly 37,000 students and vibrant surrounding neighborhood. Built in 1935, this property offers a diverse unit mix - one 2-bed/1.5-bath, one 1-bed/1-bath, and three spacious studios - providing steady, diversified income. Priced to sell at an attractive 7.90% CAP rate and 8.6 GRM, the asset delivers strong in-place cash flow with significant long-term appreciation potential. High-demand properties at this price point across from San Jose State are rare - this opportunity will not last.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CG
Interior
Cooling None
Fireplace No
Laundry None
Exterior
Roof Type Bitumen
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46747064
Special Listing Condition Standard
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Listed by Eymon Binesh Marcus & Millichap