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Gurpriit Atwal

gatwal@intero.com +1(510) 399-3462

Listed by Eymon Binesh • Marcus & Millichap

$ 1,200,000

Est. payment -/mo

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Open Wed 10AM-11AM

162 E San Salvador ST San Jose, CA 95112

3 Beds

4.5 Baths

2,760 SqFt

Open House

Wed Aug 20, 10:00am - 11:00am

Thu Aug 21, 10:00am - 11:30am

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,760 sqft

Price per Sqft $434

MLS Listing ID ML82018284

Bedrooms 3

Full Baths 4

Half Baths 1

Year Built 1935

Lot Size 2,642 Sqft

Property Sub-Type Five or More Units

Property Description

Marcus & Millichap is pleased to present 162 E San Salvador Street, a 5-unit multifamily investment directly across from San Jose State University. This prime location ensures exceptional rental demand driven by the university's nearly 37,000 students and vibrant surrounding neighborhood. Built in 1935, this property offers a diverse unit mix - one 2-bed/1.5-bath, one 1-bed/1-bath, and three spacious studios - providing steady, diversified income. Priced to sell at an attractive 7.90% CAP rate and 8.6 GRM, the asset delivers strong in-place cash flow with significant long-term appreciation potential. High-demand properties at this price point across from San Jose State are rare - this opportunity will not last.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning CG

Rooms

Kitchen Countertop - Formica, Countertop - Granite

Interior

Heating Gas

Cooling None

Flooring Tile, Vinyl / Linoleum

Laundry None

Exterior

Exterior Feature Porch - Enclosed

Parking Features On Street

Utilities Available Public Utilities

Roof Type Bitumen

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 467-47-064

Security Features None

Special Listing Condition Not Applicable