22 S 10th Street

San Jose , CA 95112

MLS#: ML82027972

$4,153,000

Status: Active
Listing number: ML82027972
Listing provided by: Compass
Listing agent phone: None
Last update: a month ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1901

Sq.Footage

N/A

PORTFOLIO OF FOUR PRIME PROPERTIES IN CENTRAL SAN JOSE! One Duplex & three Single-Family Homes consisting of 38 income producing Single-Room Occupancy (SRO) Units in walkable neighborhoods near downtown San Jose and San Jose State University. Each home features private bedrooms within a shared living environment designed for students, service workers, and young professionals seeking affordable, centrally located housing - 80% of current tenants are SJSU students. Addresses in order of appearance in Photos: 684 Julian St - 8 bedrooms + 3 bathrooms (fully renovated single-family home including newer ADU converted from garage). 22 S 10th St - 11 bedrooms + 4 bathrooms (Duplex). 325 E Saint John St - 9 bedrooms + 3 bathrooms (SFR). 1090 S 7th Street - 10 bedrooms + 5 bathrooms (SFR). In-place rents average 30% below market, offering a clear path to higher cash flow and a significant add-value opportunity for a new owner to make modest unit & common area improvements as turnovers occur and increase cash flow. All four properties offer parking (some permits) & storage spaces. In-place utility reimbursements for all tenants. With over 1 million residents and 36,000+ students at San Jose State University, demand for centrally located, affordable housing continues to outpace supply.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.4195

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $4,153,000

  • Tax Amount

    60468.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Water Source

    Public

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Location

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Santa Clara

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Listing Courtesy of Matthew Thomson , Compass

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PORTFOLIO OF FOUR PRIME PROPERTIES IN CENTRAL SAN JOSE! One Duplex & three Single-Family Homes consisting of 38 income producing Single-Room Occupancy (SRO) Units in walkable neighborhoods near downtown San Jose and San Jose State University. Each home features private bedrooms within a shared living environment designed for students, service workers, and young professionals seeking affordable, centrally located housing - 80% of current tenants are SJSU students. Addresses in order of appearance in Photos: 684 Julian St - 8 bedrooms + 3 bathrooms (fully renovated single-family home including newer ADU converted from garage). 22 S 10th St - 11 bedrooms + 4 bathrooms (Duplex). 325 E Saint John St - 9 bedrooms + 3 bathrooms (SFR). 1090 S 7th Street - 10 bedrooms + 5 bathrooms (SFR). In-place rents average 30% below market, offering a clear path to higher cash flow and a significant add-value opportunity for a new owner to make modest unit & common area improvements as turnovers occur and increase cash flow. All four properties offer parking (some permits) & storage spaces. In-place utility reimbursements for all tenants. With over 1 million residents and 36,000+ students at San Jose State University, demand for centrally located, affordable housing continues to outpace supply.

22 S 10th Street

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