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Listed by Leo Zhang • Re/Max Accord
$2,850,000
Est. payment /mo
6 Beds
4 Baths
6,248 SqFt
New
431 S 11Th St San Jose, CA 95112
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,248 sqft
Price per Sqft $456
MLS Listing ID BE41114871
Bedrooms 6
Year Built 1959
Lot Size 9,453 Sqft
Property Sub-Type Five or More Units
Source Bay East
Property Description
Welcome to a Prime Investment Opportunity! More than 5% CAP rate! Discover this exceptional 9-unit apartment building, ideally located just a quarter block from San Jose State University and Downtown San Jose - offering unbeatable convenience and high rental demand. The property features 8 covered carports, each with its own storage space, plus 1 enclosed garage and 2 open parking spots, providing ample parking for tenants. Residents also enjoy on-site laundry with QR code payment access, while owners benefit from two additional storage units and one office space for personal use. All nine units are fully occupied, highlighting the strong rental performance in this sought-after area. Recent improvements include new wall heaters, updated bathtub faucets, freshly painted exterior and stairways, automatic irrigation, and modernized mailboxes - ensuring a well-maintained and attractive property. With significant upside rent potential, this is a rare opportunity to own a stable, income-producing asset in a thriving urban location. Don't miss the chance to invest in comfort, practicality, and long-term value!
Location
State CA
County Santa Clara
Area Central San Jose
Interior
Heating Forced Air, Electric
Cooling Other
Flooring Laminate, Tile, Carpet - Wall to Wall
Laundry Washer
Exterior
Exterior Feature Stucco
Parking Features Converted
Garage Spaces 9.0
Building
Sewer Sewer - Public
Others
Tax ID 467-49-026
Special Listing Condition New, Not Applicable
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