508 11th Street, San Jose, CA 95112
  • MLS#: ML82005501 ( )
  • Street Address: 508 11th Street
  • Viewed: 5
  • Price: $7,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 53
  • Additional Information
  • County: SANTA CLARA
  • City: San Jose
  • Zipcode: 95112
  • Provided by: Marcus & Millichap
  • Contact: Carlos Carlos
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The Azucena Group of Marcus & Millichap is the exclusive listing agent for 508 S.11th Street, a 20 unit multifamily property located two blocks from San Jose State University. This is a tremendous opportunity for an investor to acquire a property in the heart of Silicon Valley. The property has been extensively renovated, allowing a new owner to have strong cash flow from day one with a turnkey asset and reduced future costs. The unit mix consists of (19) two bedroom / two bathroom apartments that are approximately 821 sqft each and (1) one bedroom / one bathroom that is approximately 600 sqft. The property sits on a 0.29 acre (or 12,506 sq ft) lot. Among the amenities are a laundry room, assigned gated parking, and enclosed garages for additional income. Unit interiors have been extensively remodeled with vinyl plank flooring, stainless steel appliances, new furnace, quartz counter tops, new kitchen cabinets, new lighting and plumbing fixtures, new closet and bedroom doors, and fully remodeled bathrooms. The exterior has been recently repainted, new exterior wooden fencing, asphalt and restriping, hand rails, and a newer roof.
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Features
Building Area Total
  1. 16199.00
Carport Spaces
  1. 5.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 16576.00
Otherexpense
  1. 2628.00
Parcel Number
  1. 47229097
Roof
  1. Flat
Totalexpenses
  1. 193117.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor
Zoning
  1. UR