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Multifamily

1119-1121 S. 7th St, San Jose

1119 S 7th St, San Jose, CA 95112

Listing Price: $1,050,000

Cap Rate
4.32%
GRM
22.73
Occupancy
95.0%

Investment Overview

Marcus & Millichap is pleased to present 1119-1121 S. 7th Street in San Jose, California.
1119-1121 S. 7th Street is a duplex that was built in 1953 and sits on a 5,629 SF / 0.13 Acres lot, per county assessor.
The front unit, 1119, is a 1 Bedroom x 1 Bathroom unit, and the back unit, 1121, is a recently remodeled 2 Bedroom x 1 Bathroom unit. Both units in the duplex have their own private laundry space with washer and dryer hookups in each unit. Both units in the duplex are currently vacant.
The garage is located at the very back of the lot. This structure was converted into a 1 Bedroom x 1 Bathroom unit without a permit. The property is protected by The San Jose Amnesty Program, which shields the owner from penalties the city could impose for an unpermitted unit. The garage is currently rented at $1,600/month.
A new roof and new gutters were installed in August 2024. The interior remodeling work done in unit 1121 and the garage was completed in 2024.
1119-1121 S. 7th Street is located within 2 miles of Downtown San Jose, San Pedro Square, San Jose State University, and the SAP Center. There is an abundance of options for shopping, eating, nightlife, entertainment, and transportation - all within a few steps from home.

Investment Highlights

  • Duplex in San Jose
  • The Garage was Converted Into a 1 Bedroom x 1 Bathroom Unit Wihtout a Permit. The San Jose Amnesty Program Protects the Owner From Penalties the City Could Impose.
  • Roof and Gutters Replaced in August 2024
  • Located 0.9 Miles From San Jose State University
  • In Close Proximity to Downtown San Jose and San Pedro Square
  • Easy Access to Highway 280

Exclusively Listed By

Multifamily

1119-1121 S. 7th St, San Jose

Listing Price: $1,050,000

Cap Rate
4.32%
GRM
22.73
Occupancy
95.0%

Investment Highlights

  • Duplex in San Jose
  • The Garage was Converted Into a 1 Bedroom x 1 Bathroom Unit Wihtout a Permit. The San Jose Amnesty Program Protects the Owner From Penalties the City Could Impose.
  • Roof and Gutters Replaced in August 2024
  • Located 0.9 Miles From San Jose State University
  • In Close Proximity to Downtown San Jose and San Pedro Square
  • Easy Access to Highway 280

Investment Overview

Marcus & Millichap is pleased to present 1119-1121 S. 7th Street in San Jose, California. 1119-1121 S. 7th Street is a duplex that was built in 1953 and sits on a 5,629 SF / 0.13 Acres lot, per county assessor. The front unit, 1119, is a 1 Bedroom x 1 Bathroom unit, and the back unit, 1121, is a recently remodeled 2 Bedroom x 1 Bathroom unit. Both units in the duplex have their own private laundry space with washer and dryer hookups in each unit. Both units in the duplex are currently vacant. The garage is located at the very back of the lot. This structure was converted into a 1 Bedroom x 1 Bathroom unit without a permit. The property is protected by The San Jose Amnesty Program, which shields the owner from penalties the city could impose for an unpermitted unit. The garage is currently rented at $1,600/month. A new roof and new gutters were installed in August 2024. The interior remodeling work done in unit 1121 and the garage was completed in 2024. 1119-1121 S. 7th Street is located within 2 miles of Downtown San Jose, San Pedro Square, San Jose State University, and the SAP Center. There is an abundance of options for shopping, eating, nightlife, entertainment, and transportation - all within a few steps from home.

Exclusively Listed By

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