The Spartans Portfolio - 38 SRO Units Multi-Family FOR SALE


San Jose, CA - Northside
$4,153,000 USD
650-274-5227
, San Jose, CA for Sale
$4,153,000 USD
Multi-Family - FOR SALE
1/5
null | 5.7% Cap Rate

The Spartans Portfolio - 38 SRO Units
San Jose, CA
Northside


HIGHLIGHTS

  • Rare 38-Unit Single-Room Occupancy (SRO) Portfolio (4 Properties) in Downtown San Jose
  • Exceptional Value-Add Potential with Strong Rent Upside - Current Rents Average 30% Below Market
  • Untapped Parking & Storage Revenue Presents Immediate NOI Upside
  • Unique, Scalable Entry into the San Jose Market
  • Long-Term Security with Proven SRO Demand

OVERVIEW

PORTFOLIO OF FOUR PRIME PROPERTIES IN CENTRAL SAN JOSE! One Duplex & three Single-Family Homes consisting of 38 income producing Single-Room Occupancy (SRO) Units in walkable neighborhoods near downtown San Jose and San Jose State University. Each home features private bedrooms within a shared living environment designed for students, service workers, and young professionals seeking affordable, centrally located housing - 80% of current tenants are SJSU students. Portfolio Property Addresses: - 325 E Saint John St - 9 bedrooms + 3 bathrooms (SFR). - 684 Julian St - 8 bedrooms + 3 bathrooms (fully renovated single-family home including newer ADU converted from garage). - 1090 S 7th Street - 10 bedrooms + 5 bathrooms (SFR). - 22 S 10th St - 11 bedrooms + 4 bathrooms (Duplex). In-place rents average 30% below market, offering a clear path to higher cash flow and a significant add-value opportunity for a new owner to make modest unit & common area improvements as turnovers occur and increase cash flow. All four properties offer parking (some permits) & storage spaces. In-place utility reimbursements for all tenants. With over 1 million residents and 36,000+ students at San Jose State University, demand for centrally located, affordable housing continues to outpace supply.

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650-274-5227

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650-274-5227

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