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Listed by Buddy Parsons • Borelli Investment Company, DRE#00754782
$ 4,000,000
Est. payment | /mo
15,190 SqFt
$ 4,000,000
Est. payment | /mo
15,190 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,190 sqft
Price per Sqft $263
MLS Listing ID ML82059452
Year Built 1961
Lot Size 0.426 Acres
Property Sub-Type Five or More Units
Property Description
Rare value-add student housing opportunity one block from San José State University. This ±15,190 SF property offers 27 bedrooms across two stories plus basement, set on an 18,560 SF lot (0.426 acre), the largest parcel on the block, zoned R-3F. The building has been extensively remodeled, including a new roof, HVAC, plumbing, and electrical, and features a commercial kitchen, a separate residential kitchen, a large common room, an auditorium, multiple common restrooms, and on-site parking. Currently occupied by only six month-to-month tenancies, the property offers substantial upside for an owner-user or investor to renovate, re-lease, and stabilize in one of the region's strongest student housing submarkets, where the vast majority of SJSU undergraduates live off campus. Walkable to campus, dining, and light rail. Unbranded 3D virtual tour available. Buyer to verify all information to their satisfaction.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning R3F
Interior
Heating Other
Cooling Other
Exterior
Parking Features Assigned Spaces
Utilities Available Public Utilities
Roof Type Other
Building
Foundation Other
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 467-26-094
Security Features Other
Special Listing Condition Not Applicable
Virtual Tour https://my.matterport.com/show/?m=bHGqEPtEBWZ&brand=0
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Eduardo Huerta And Lizzeth Flores
REALTOR®, Mortgage Loan Originator, Broker-Owner Lic# Ed: 1391479