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Listed by Eymon Binesh • Marcus & Millichap
$1,200,000
Est. payment /mo
2,760 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $434
MLS Listing ID ML82018284
HOA Y/N No
Year Built 1935
Lot Size 2,642 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Marcus & Millichap is pleased to present 162 E San Salvador Street, a 5-unit multifamily investment directly across from San Jose State University. This prime location ensures exceptional rental demand driven by the university's nearly 37,000 students and vibrant surrounding neighborhood. Built in 1935, this property offers a diverse unit mix - one 2-bed/1.5-bath, one 1-bed/1-bath, and three spacious studios - providing steady, diversified income. Priced to sell at an attractive 7.90% CAP rate and 8.6 GRM, the asset delivers strong in-place cash flow with significant long-term appreciation potential. High-demand properties at this price point across from San Jose State are rare - this opportunity will not last.
Location
State CA
County Santa Clara
Interior
Heating Natural Gas
Cooling None
Flooring Tile
Fireplace No
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613