CA > San Jose
San Jose, CA 95112,508 S 11th ST
San Jose, CA 95112,508 S 11th ST
San Jose, CA 95112,508 S 11th ST
San Jose, CA 95112,508 S 11th ST
San Jose, CA 95112,508 S 11th ST
San Jose, CA 95112,508 S 11th ST
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Kalani Stone

Kalani Stone

+1(831) 252-2270
Listed by Carlos Azucena • Marcus & Millichap
$ 8,295,000
Est. payment | /mo

3 Beds

3 Baths

16,199 SqFt

Save
$ 8,295,000
Est. payment | /mo
Save

3 Beds

3 Baths

16,199 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 16,199 sqft

Price per Sqft $512

MLS Listing ID ML82005501

Bedrooms 3

Full Baths 3

Year Built 1963

Lot Size 0.287 Acres

Property Sub-Type Five or More Units

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

Area Central San Jose

Zoning UR

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Parking Area, Uncovered Parking

Garage Spaces 6.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 472-29-097

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

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agent
Kalani Stone

Agent | Lic# CalBRE: 01336392

+1(831) 252-2270

216 Mt Hermon Rd 105, Scotts Valley, CA, 95066

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508 S 11th ST