431 S 11th ST, San Jose, CA 95112

$2,725,000

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List Price
$2,725,000
Status
ACTIVE
MLS#
41122639
Year Built
1959
Lot Size
9,453
Acres
0.22
Days on Market
235
Property Type
Multifamily
Property Sub Type
Apartment
Neighborhood
University Grdns

Property Description

431 S 11th Street is a well-located 9-unit multifamily property in the heart of San Jose, just one block from San Jose State University and walking distance to Downtown San Jose. This two-story apartment building features a desirable unit mix of (3) 2BD/1BA units and (6) 1BD/1BA units. Amenities include on-site laundry and assigned carport parking. Recent capital improvements include a TPO membrane overlay roof replacement (2018) with a 10-year manufacturer warranty, plus replacement of wall heaters and the water heater. Property may offer future upside via potential conversion of the attached garage into an ADU for additional income (buyer to verify with City of San Jose). Strong location near major employers, dining, entertainment, and transit supports consistent renter demand.

Additional Information

Taxes
$32,809
Appliances
Gas Water Heater, Dryer, Washer
Heat
Wall Furnace
Cooling
Yes
Exterior Construction
Stucco, Wood Siding
Attached Structure
Detached
Number Of Units Total
9
Gross Scheduled Income
$206,618

Listing courtesy of Listing Agent: Ken Wu (ken.wu@compass.com) from Listing Office: Compass.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.