San Jose, CA 95112,508 S 11th Street
San Jose, CA 95112,508 S 11th Street
San Jose, CA 95112,508 S 11th Street
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Deeana Owens

Deeana Owens

Owens Real Estate Inc.

+1(678) 250-3471
Listed by Carlos Azucena • Marcus & Millichap
$7,995,000
Est. payment /mo
16,199 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 16,199 sqft

Price per Sqft $493

MLS Listing ID ML82005501

HOA Y/N No

Year Built 1963

Lot Size 0.287 Acres

Property Sub-Type Other

Source Datashare MLSListings

Property Description

The Azucena Group of Marcus & Millichap is the exclusive listing agent for 508 S.11th Street, a 20-unit multifamily property located two blocks from San Jose State University. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley. The property has been extensively renovated, allowing a new owner to have strong cash flow from day one with a turnkey asset and reduced future costs. The unit mix consists of (19) two bedroom / two bathroom apartments that are approximately 821 sqft each and (1) one bedroom / one bathroom that is approximately 600 sqft. The property sits on a 0.29 acre (or 12,506 sq ft) lot. Among the amenities are a laundry room, assigned gated parking, and enclosed garages for additional income. Unit interiors have been extensively remodeled with vinyl plank flooring, stainless steel appliances, new furnace, quartz counter tops, new kitchen cabinets, new lighting and plumbing fixtures, new closet and bedroom doors, and fully remodeled bathrooms. The exterior has been recently repainted, new exterior wooden fencing, asphalt and restriping, hand rails, and a newer roof.

Location

State CA

County Santa Clara

Interior

Heating Wall Furnace

Cooling None

Fireplace No


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Deeana Owens

Deeana Owens

+1(678) 250-3471

Broker | Owner | CA BRE#CA: 02015510, GA: 295613

Broker | Owner CA BRE#CA: 02015510, GA: 295613

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