CA > San Jose
San Jose, CA 95112,22 S 10th ST
San Jose, CA 95112,22 S 10th ST
San Jose, CA 95112,22 S 10th ST
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$4,153,000
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22 S 10th ST San Jose, CA 95112

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Serri Rowell

Serri Rowell

+1(760) 579-2666

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82027972

HOA Y/N No

Year Built 1901

Annual Tax Amount $60,468

Property Description

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. Addresses in order of appearance in Photos: 684 Julian St - 8 bedrooms + 3 bathrooms (fully renovated single-family home including newer ADU converted from garage). 22 S 10th St - 11 bedrooms + 4 bathrooms (Duplex). 325 E Saint John St - 9 bedrooms + 3 bathrooms (SFR). 1090 S 7th Street - 10 bedrooms + 5 bathrooms (SFR). 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.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning CG

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Roof Type Flat,Shingle

Total Parking Spaces 18

Building

Water Public

Schools

School District San Jose Unified

Others

Tax ID 46725070

Security Features Security Lights

Special Listing Condition Standard

CRMLS – RECore
Listed by Matthew Thomson Compass

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Serri Rowell

Serri Rowell

Owner & Team Lead | CA BRE#01484073

+1(760) 579-2666

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22 S 10th ST

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