22 S 10th ST, San Jose, CA 95112
- $4,000,000
- 5,420
- SqFt
- List Price
- $4,000,000
- Price Change
- ▼ $153,000 1773731393
- MLS#
- ML82027972
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 5,420
- Lot Size
- 18,274
- Listing Area
- Central San Jose
- Year Built
- 1901
Property Description
PRICE REDUCED $153,000!! 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. Over 1 million residents and 36,000+ students at San Jose State University drives demand for housing.
Additional Information
- Acres
- 0.42
- Age
- 124
- Cooling System
- None
- Foundation
- Concrete Slab
- Garage Parking
- Parking Area, Varies by Unit
- Heating System
- Forced Air, Gas
- Living Area
- 5,420
- Lot Size
- 18,274
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Flat / Low Pitch, Shingle
- Sewer
- Sewer - Public
- Special Features
- None
- Total Number Of Units
- 38
- Unincorporated Yn
- Yes
- Zoning
- CG
Mortgage Calculator
Listing courtesy of Matthew Thomson from Compass. 650-515-6555
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