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$ 2,500,000
Est. payment | /mo
14 Beds
8 Baths
6,582 SqFt
$ 2,500,000
Est. payment | /mo
14 Beds
8 Baths
6,582 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 6,582 sqft
Price per Sqft $379
MLS Listing ID ML82045003
Bedrooms 14
Full Baths 8
HOA Y/N No
Year Built 1900
Lot Size 5,940 Sqft
Acres 0.1364
Property Sub-Type Single Family Residence
Property Description
INVESTORS! THIS PROPERTY IS TRULY A CASH MAKING MACHINE - CAP RATE OF 5.5!! It's a truly rare offering, both an historic and architectural gem and an exceptional income property in one of Silicon Valley's most exciting locations. It's a business opportunity that is totally dialed in as a SRO, with 10 bedrooms and an addition 4 suites for a total of 14 doors under rent. This property has been extensively renovated and has an effective age closer to 20-30 years. Thoughtful modernization includes a daylight lower level living area, concrete perimeter foundation, dual-pane windows, and updated electrical, plumbing, kitchen, and bathrooms. The home sits on a beautifully kept block of period homes in the shadow of San Jose's iconic City Hall, just one block from San Jose State University and minutes from SoFA, San Pedro Square, Diridon Station, and the future BART extension. For investors, owner-users, or visionaries seeking a downtown landmark with exceptional cash flow and long-term upside, opportunities like this come along but rarely.
Location
State CA
County Santa Clara
Zoning RM
Interior
Heating Radiant
Flooring Tile, Wood
Fireplace No
Window Features Double Pane Windows
Exterior
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Victorian
Level or Stories Two Story
New Construction No
Schools
School District San Jose Unified
Others
Tax ID 46724032
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Listed by Seb Frey • Compass
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