431 S 11th St - Apartments FOR SALE


San Jose, CA 95112- Naglee Park
$2,725,000 USD
626-483-5136
431 S 11th St, San Jose, CA for Sale
$2,725,000 USD
Apartments - FOR SALE
1/23
null | 5.19% Cap Rate

431 S 11th St
San Jose, CA 95112
Naglee Park


HIGHLIGHTS

  • One block from San Jose State University
  • Buyers can target San Jose State renters with high end finishes to further the upside
  • Upgraded TPO roof in 2018.
  • Attached single garage with potential ADU conversion.
  • Upgraded water heater and wall heaters.

OVERVIEW

431 S 11th Street is a well-located 9-unit multifamily property in the heart of San Jose, positioned just one block from San Jose State University and within walking distance to Downtown San Jose. The property benefits from immediate proximity to a major university campus, along with the employment, dining, and entertainment options that define the downtown core—making it highly attractive to both student and workforce renters. The subject is a two-story apartment building comprised of nine (9) units, featuring a desirable mix of (3) two-bedroom / one-bath units and (6) one-bedroom / one-bath units. Residents enjoy on-site washer and dryer facilities, and assigned carport parking From a capital improvement standpoint, ownership has completed meaningful upgrades including a TPO membrane (overlay) roof replacement (2018) inlcuding a 10 year manufacturer warranty , along with replacement of wall heaters and the water heater, positioning the asset for long-term operational stability. Additionally, the property may offer future upside through the potential conversion of the attached garage into an ADU (Accessory Dwelling Unit), presenting a possible opportunity to add an additional unit and enhance long-term income (buyer to verify feasibility with the City of San Jose). With its unbeatable location near San Jose State University, close access to Downtown San Jose employers, and strong renter demand drivers, 431 S 11th Street represents an excellent opportunity to acquire a stable, well-maintained multifamily asset in one of Silicon Valley’s most dynamic rental markets.

FOR SALE DETAILS

PRICE

$2,725,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

9

PRICE/UNIT

$302,778

CAP RATE

5.19%

% 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

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

RM, San Jose

APN/PARCEL ID

467-49-026

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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

Ray RodriguezCompass CommercialMore Info
626-483-5136

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