688 N 11th St - Apartments FOR SALE


San Jose, CA 95112- Northside
$1,399,000 USD
408-483-5040
688 N 11th St, San Jose, CA for Sale
$1,399,000 USD
Apartments - FOR SALE
1/21
null | 5.12% Cap Rate

688 N 11th St
San Jose, CA 95112
Northside


HIGHLIGHTS

  • Desirable Unit Mix: (2) four-bedroom, four-bath units, ideal for multifamily generational living and rental income maximization
  • Currently Vacant: Fantastic opportunity to acquire a vacant multifamily property in the heart of San Jose
  • Prime Location: Moments away from Japantown
  • Built in 2015: Modern systems and finishes throughout reflecting the quality and reliability of a 2015 construction.
  • Value-Add Opportunity: Well-maintained asset with immediate potential to achieve market rents.

OVERVIEW

Email jcastellanos@marcusmillichap.com for DD info. Jimmy Castellanos of Marcus & Millichap is pleased to present 688 North 11th Street, a newly constructed duplex located in Downtown San Jose, near Japantown. The property is being offered 100% vacant, providing exceptional flexibility for both investors and owner-users. This impressive duplex features two expansive four-bedroom, townhome-style units, offering modern design and spacious layouts rarely found in the downtown market. Each upper-level floor includes a non-permitted kitchen, washer and dryer, and separate entrance, creating a clear opportunity to reconfigure the building into four individual units through the City of San Jose’s conversion process. Delivered entirely vacant, 688 North 11th Street represents a unique opportunity in a submarket defined by low vacancy and strong rental demand. The property combines significant rental and equity upside with the rare ability to acquire a newly constructed asset well below replacement cost, all within one of Silicon Valley’s most dynamic rental markets.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

2

PRICE/UNIT

$699,500

CAP RATE

5.12%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

688 N 11th St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,728 SF

ZONING

R-2 (Duplex)

APN/PARCEL ID

249-33-049

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 Notice.