Listed By:
Carlos Azucena with Marcus & Millichap - 408-205-2679
Address
508 S 11th ST, San Jose, CA
Price
$ 8,495,000
Property Attributes
  • MLS#ML81954922
  • TypeMulti-Family
  • CountySANTA CLARA
  • CitySan Jose
  • AreaCentral San Jose
  • Zip95112
  • Style
  • Price$ 8,495,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18422
  • Lot Size12,632 SqFt
Data Source:
MLSListings Inc.
Property Description

508 S. 11th Street is a 20-unit multifamily property located two blocks from San Jose State University. This is a tremendous opportunity for an investor to acquire a stunning, virtually turn-key property in the heart of Silicon Valley. The unit mix consists of (1) 1 bed 1 bath and spacious (19) 2 bed / 2 bath. Among the amenities are a laundry room along with assigned parking and a gated entrance that provides a sense of security. The property has had significant capital improvements over the last few years. 17 of the units have been completely renovated with all new kitchens, bathrooms, flooring, paint, appliances...to much to list! Exterior improvements include a newer roof, dual pane windows, designer paint scheme, and upgraded handrails.

Price History
2/21/2024 Listed $8,495,000

General Features

Heating Wall Furnace
Cooling Window / Wall Unit
Utilities Public Utilities
Roof Flat / Low Pitch
Water Public
Number of Garage Spaces 5
# of Buildings 1
Security Features Controlled / Secured Access
Restrictions None
Year Built 1963
Age 61
Property SubType Five or More Units
Zoning Text RM
Accessibility Elevator / Lift
County Santa Clara
Property Type Commercial Multi-Residential (5+ units)
Special Listing Conditions Not Applicable
Status Active
City SAN JOSE
MLS Area Central San Jose
Listing Agent State License 01738155
Co-Listing Agent State License # 01870648
Co-Listing Agent Last Name Mitchell
Co-Listing Agent Last Name Zurich

Interior Features

Unit 2 Approx Square Footage 821
Living SqFt 18422
Unit 2 Number of Bedrooms 2

Exterior Features

Parking Features Common Parking Area
Parking Spaces 21
Lot Size Area 12632.00
Maximum Lot Size 12632.00
Sewer/Septic Sewer - Public
Meters Master Water,Separate Electric,Separate Gas
Foundation Details Wood Frame
Building Area Total 18422
Lot Acres 0.2900
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95112

Price
AVG $4.4M
$8.5M
Visits
AVG 93
118
Data Provided by Inside Real Estate®
Year Built
AVG 1940
1963

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