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Multifamily

42 S 8th St

42 S 8th St, San Jose, CA 95112

Listing Price: $2,650,000

Cap Rate
5.16%
Number of Units
10
GRM
11.94
Occupancy
97.0%
Price/Unit
$265,000

Investment Overview

Marcus & Millichap is pleased to present 42 South 8th Stree located in San Jose, California.
The asset was built in 1955 and sits on a 4,738 SF / 0.11 Acres lot, per county records. 42 S. 8th Street contains ten (10) studio units.
Units 3, 4, 8, 9, and 10 are fully renovated with new appliances, lighting, and flooring. Units 1, 2, 5, 6, and 7 are partially renovated. The building was recently repainted in the summer of 2023.
San Jose International Airport is less than a 20-minute drive away and San Jose State University is less than two miles from the property. Notable employers are also nearby, including Oracle, Electronic Arts, Equinix, Shutterfly, Google, Facebook, and Apple. Downtown San Jose is a short walk away.

Investment Highlights

  • Well Maintained 10 Unit Apartment Complex in Downtown San Jose
  • Walking distance to San Jose State, San Pedro Square, and Downtown San Jose
  • Units 3, 4, 8, 9, and 10 are fully renovated with new appliances, lighting, and flooring. Units 1, 2, 5, 6, and 7 are partially renovated.

Exclusively Listed By

Financing By

Multifamily

42 S 8th St

Listing Price: $2,650,000

Cap Rate
5.16%
Number of Units
10
GRM
11.94
Occupancy
97.0%
Price/Unit
$265,000

Investment Highlights

  • Well Maintained 10 Unit Apartment Complex in Downtown San Jose
  • Walking distance to San Jose State, San Pedro Square, and Downtown San Jose
  • Units 3, 4, 8, 9, and 10 are fully renovated with new appliances, lighting, and flooring. Units 1, 2, 5, 6, and 7 are partially renovated.

Investment Overview

Marcus & Millichap is pleased to present 42 South 8th Stree located in San Jose, California. The asset was built in 1955 and sits on a 4,738 SF / 0.11 Acres lot, per county records. 42 S. 8th Street contains ten (10) studio units. Units 3, 4, 8, 9, and 10 are fully renovated with new appliances, lighting, and flooring. Units 1, 2, 5, 6, and 7 are partially renovated. The building was recently repainted in the summer of 2023. San Jose International Airport is less than a 20-minute drive away and San Jose State University is less than two miles from the property. Notable employers are also nearby, including Oracle, Electronic Arts, Equinix, Shutterfly, Google, Facebook, and Apple. Downtown San Jose is a short walk away.

Exclusively Listed By

Financing By

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