Homes for sale - 508 S 11th ST, San Jose, CA 95112

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Carlos Azucena • Marcus & Millichap

$8,350,000

Est. payment - /mo

3 Beds

3 Baths

16,199 SqFt

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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 16,199 sqft

Price per Sqft $515

MLS Listing ID ML82005501

Bedrooms 3

Full Baths 3

Originating Board MLSListings, Inc.

Year Built 1963

Lot Size 0.287 Acres

Property Sub-Type Five or More Units

Property Description

The Azucena Group of Marcus & Millichap is the exclusive listing agent for 508 S.11th Street, a 20-unit multifamily property located two blocks from San Jose State University. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley. The property has been extensively renovated, allowing a new owner to have strong cash flow from day one with a turnkey asset and reduced future costs. The unit mix consists of (19) two bedroom / TWO bathroom apartments that are approximately 821 sqft each and (1) one bedroom / one bathroom that is approximately 600 sqft. The property sits on a 0.29 acre (or 12,506 sq ft) lot. Among the amenities are a laundry room, assigned gated parking, and enclosed garages for additional income. Unit interiors have been extensively remodeled with vinyl plank flooring, stainless steel appliances, new furnace, quartz counter tops, new kitchen cabinets, new lighting and plumbing fixtures, new closet and bedroom doors, and fully remodeled bathrooms. The exterior has been recently repainted, new exterior wooden fencing, asphalt and restriping, hand rails, and a newer roof.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning UR

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Parking Area, Uncovered Parking

Garage Spaces 16.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 472-29-097

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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508 S 11th ST San Jose, CA 95112

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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