$1,695,000
630 S 8th ST San Jose, CA 95112
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$1,695,000
Est. payment /mo
2 Beds
4 Baths
2,880 SqFt
UPDATED:
10/28/2024 06:03 PM
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $588
MLS Listing ID ML81982009
Bedrooms 2
Full Baths 4
Year Built 1922
Lot Size 10,361 Sqft
Property Description
FAVORABLE SELLER FINANCING AVAILABLE! 630 S 8th St, San Jose, CA 95112 is located in the heart of downtown San Jose. this 5 unit apartment complex has a a diverse unit mix: (1) 1 Bed, 2 Bath, (1) 1 Bed, 1 Bath, and (3) Studio units. The detached garage offers a fantastic opportunity to convert into a 1 Bed, 1 Bath ADU with minimal capital expenditure, making this a highly flexible and lucrative investment. Spanning approximately 2,880 square feet on a 0.24-acre lot, it provides comfortable living spaces for tenants while offering investors a steady stream of rental income. Just two blocks from San Jose State University, this property is a magnet for students seeking proximity and convenience. Its low vacancy rate, high rental demand, and potential for cost-effective ADU conversion make it an ideal choice for savvy investors. You're less than a mile from the bustling San Pedro Square and enjoy seamless access to major highways 280, 101, and 680, connecting you to all that San Jose has to offer. Additionally, youll be close to major employers such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and Apple Headquarters. Cap rate is reflective of ADU addition
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Exterior
Garage Assigned Spaces
Garage Spaces 2.0
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 472-24-007
Security Features None
Special Listing Condition Not Applicable
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Listed by Ray Rodriguez • Compass