$1,325,000
$1,200,000
10.4%For more information regarding the value of a property, please contact us for a free consultation.
2,760 SqFt
SOLD DATE : 09/18/2025
Key Details
Sold Price $1,325,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,760 sqft
Price per Sqft $480
MLS Listing ID ML82018284
Sold Date 09/18/25
HOA Y/N No
Year Built 1935
Lot Size 2,642 Sqft
Acres 0.06
Property Sub-Type Other
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
Zoning CG
Interior
Heating Natural Gas
Cooling None
Flooring Tile
Fireplace No
Building
New Construction No
Others
Tax ID 46747064
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Bought with EymonBinesh
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