Property Details
About this Property
Wonderful 10-unit cottage apartment community located 1.5 blocks from San Jose State University. Offering memorandum available. CAP Rate: 4.08% Current, Proforma: 5.66%. GRM: 16.50 Current, 13.01 Proforma. Current monthly rent of $17,631 with massive upside. The property has 9 buildings situated on a 16,302 SqFt lot with classical Spanish architecture and lush landscaping in a tranquil, garden-style community. There are 8 large one-bedroom/one-bath cottages with patios, basements, and individual water heaters. The two studios are located in separate buildings with garages & covered parking in the back of the property. Amenities include private patios, storage rooms, onsite parking, laundry room, and a new wrought-iron gate. Cottages are rare in Downtown San Jose and there is an opportunity to create value by renovating the units to the high specification preferences of technology employees. The new Google mega-campus is expected to bring up to 20,000 workers into Downtown San Jose.
MLS Listing Information
MLS #
ML81867304
MLS Source
MLSListings, Inc.
Interior Features
Appliances
Dishwasher
Flooring
Carpet, Hardwood
Laundry
Coin Operated
Cooling
Ceiling Fan, Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Tile
Foundation
Block
Style
Spanish
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Covered Parking, On Street, Garage: 2 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Sewer
Public Sewer
Water
Public
Complex Amenities
Additional Storage, Garden / Greenbelt/ Trails
Zoning
RM
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 10 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 600 | 1 | 1/0 | $1,750 | $2,050 | 8 |
| 2 | 500 | 0 | 1/0 | $1,500 | $1,695 | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
560 S 7th St is a Residential Income in San Jose, CA 95112. This 6,418 square foot property sits on a 0.374 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1924. This address can also be written as 560 S 7th St, San Jose, CA 95112.
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This listing information is up-to-date as of June 28, 2024. For the most current information, please contact Ismael Benhamida, (408) 373-6195
