555 S 10th St - Apartments FOR SALE


San Jose, CA 95112- Sun
$8,500,000 USD
408-483-5040
555 S 10th St, San Jose, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/16
null | 5.95% Cap Rate

555 S 10th St
San Jose, CA 95112
Sun


HIGHLIGHTS

  • Assumable loan with Chase Bank fixed at 4.51% through August 2029– Contact Agent for Details.
  • Desirable Unit Mix: (28) two-bedroom, two-bath units, ideal for student roommate living and rental income maximization.
  • Prime Location: Steps from San Jose State University and adjacent to the high-demand SUN neighborhood rental market.
  • Recent Capital Improvements: Double-pane windows, updated sub-panels, new boiler, new water heaters, and well-maintained interiors.
  • Value-Add Opportunity: Well-maintained property with potential for interior upgrades and rent growth

OVERVIEW

Jimmy Castellanos is excited to present Kennedy Hall, a rare opportunity to acquire a well-located, multifamily asset just steps from San Jose State University. The property features 28 spacious two-bedroom, two-bath units totaling approximately 25,855 square feet of rentable space on a 0.58-acre lot. Built in 1964, Kennedy Hall offers a highly functional layout ideally suited for student housing or working professional roommates, with each unit having an ideal two-bedroom layout with maximum privacy. This optimal rental configuration, combined with the property’s close proximity to campus and an assumable Chase Bank loan fixed at 4.51% through August 2029, makes Kennedy Hall a prime choice for investors seeking strong cash flow and long-term demand.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$265 USD /SF

# OF UNITS

28

PRICE/UNIT

$303,571

CAP RATE

5.95%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kennedy Hall Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1964

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,256 SF

ZONING

RM

APN/PARCEL ID

472-29-098

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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