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132 E Reed Street, San Jose, CA 95112

$1,350,000
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Sold Price
$1,350,000
List Price
$1,500,000
Closing Date
Jun 05, 2026
Status
CLOSED
MLS#
ML82038150
Year Built
1955
Lot Size
6,027
Acres
0.14
Days on Market
51
Property Type
Commercial
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(626) 893-2817

Property Description

Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier "bread and butter" 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential.Key Highlights: Value-Add Opportunity: Current rents are below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint. Bonus Revenue: On-site laundry facilities are currently unused, offering immediate potential for additional income. Prime Location: Highly walkable neighborhood blocks away from SJSU, the SoFA District, and William Street Park a rare and valuable asset in Downtown San Jose. Perfect for a 1031 exchange or a long-term hold in Silicon Valleys high-demand rental market. Full financial package available.

(626) 893-2817
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Additional Information

Taxes
$16,896
Cooling
Yes
Cooling Description
None
Exterior Construction
Brick
Roof
Composition
Water
Public
School District
San Jose Unified
Attached Structure
Detached
Gross Scheduled Income
$115,224
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Listing courtesy of Listing Agent: Jim Meech (jim@jimmeech.com) from Listing Office: James Meech, Broker.

Listing sold by RECIP from Out of Area Office

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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.