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Listed by Leo Zhang • Re/Max Accord
$ 2,850,000
Est. payment /mo
Active
431 South 11Th St San Jose, CA 95112
9,453 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 01-41114871
Year Built 1959
Lot Size 9,453 Sqft
Source California Regional Multiple Listing Service (CRMLS)
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
Interior
Heating Forced Air
Laundry Washer Included
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944