162 E San Salvador - Apartments FOR SALE


San Jose, CA 95112- Sun
$1,200,000 USD
650-546-1030
162 E San Salvador, San Jose, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/3
null | 7.8% Cap Rate

162 E San Salvador
San Jose, CA 95112
Sun


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$389 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

7.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CG, San Jose

APN/PARCEL ID

467-47-064

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.