This is it! Trophy investment property set right in the heart of the charming & popular JapanTown section of Downtown San Jose! Unique mixed use offering with 10 units comprising 3 storefront retail spaces and 7 residential apartments. improved ground floor featuring the 3 retail units including ramen restaurant with… Read More finished basement, clothing store & art studio/store. The residential bevvy includes 1 ground floor unit, 5 units on the 2nd floor & 1 3rd floor 'penthouse unit'. 2 units share common bath, there is also a 2plusBR/2BA unit, 1BR/2BA unit & 2 1BR/1BA units. Amazing location close to Downtown San Jose, SJSU, $GOOGL Village, Diridon, SJ Intl Airport. Invesment Cap Rate: ~6% A solid return in a premier location , Ideal for pure investors or owner/operators Zoned and laid out for versatile use and long-term value, This is a rare opportunity to secure a character-rich, income-producing asset in a location with enduring tenant demand and immense growth potential. Read Less
Courtesy of Christie's International Real Estate Sereno, David Long 408-402-2130
Listing Snapshot
Days Online
9
Last Updated
Property Type
Five Or More Units
Square Ft.
5,105
Lot Size
0.08 Acres
Year Built
1940
MLS Number
ML82014360
30 Days Snapshot Of 95112
$1.24M
+3%
(avg) sold price
12
-33%
homes sold
30
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 3293.00, Max Area Units: Square Feet, Lot is 0.075596877869605 acres
Accessibility Features
None
Unit One
Rent: $2,650, 670 approximate square feet
Unit Two
Rent: $2,205, 343 approximate square feet
Unit Three
Rent: $420, 121 approximate square feet
Unit Four
Rent: $2,625, 859 approximate square feet
Building
5,105 structure square feet, Age: 85, Built in 1940, 1 building, 10 minimum units in complex
Cooling
None
Foundation
Concrete Slab, Other
Garage
Off-Site Parking, On Street
Water Features
Public
Heating
Wall Furnace
Tenant Pays
None
Miscellaneous
Total expenses: 69824
Property
Zoning: CN
Roof
Clay, Composition, Foam
Security Features
Varies by Unit
Taxes
Annual tax amount: $28,100
Sewer
Sewer - Public
Utilities
Master Electric, Master Gas, Master Water, Public Utilities
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