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Bobby Kelley

bobbykelley@compass.com +1(650) 885-8383

Listed by Seb Frey, DRE #01369847 • Compass

$ 2,500,000

Est. payment | -/mo

14 Beds

8 Baths

6,582 SqFt

Save

$ 2,500,000

Est. payment | -/mo

Save

14 Beds

8 Baths

6,582 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,582 sqft

Price per Sqft $379

MLS Listing ID ML82045003

Style Victorian

Bedrooms 14

Full Baths 8

Year Built 1900

Lot Size 5,940 Sqft

Property Sub-Type Single Family Home

Source MLSListings, Inc.

Property Description

INVESTORS! THIS PROPERTY IS TRULY A CASH MAKING MACHINE - CAP RATE OF 5.5!! It's a truly rare offering, both an historic and architectural gem and an exceptional income property in one of Silicon Valley's most exciting locations. It's a business opportunity that is totally dialed in as a SRO, with 10 bedrooms and an addition 4 suites for a total of 14 doors under rent. This property has been extensively renovated and has an effective age closer to 20-30 years. Thoughtful modernization includes a daylight lower level living area, concrete perimeter foundation, dual-pane windows, and updated electrical, plumbing, kitchen, and bathrooms. The home sits on a beautifully kept block of period homes in the shadow of San Jose's iconic City Hall, just one block from San Jose State University and minutes from SoFA, San Pedro Square, Diridon Station, and the future BART extension. For investors, owner-users, or visionaries seeking a downtown landmark with exceptional cash flow and long-term upside, opportunities like this come along but rarely.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning RM

Rooms

Family Room No Family Room

Dining Room No Formal Dining Room

Interior

Heating Radiant Floors

Cooling Window / Wall Unit

Flooring Tile, Wood

Exterior

Parking Features Assigned Spaces, Common Parking Area, Off-Street Parking

Garage Spaces 8.0

Utilities Available Public Utilities

View None

Roof Type Shingle,Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Architectural Style Victorian

Others

Tax ID 467-24-032

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(650) 885-8383

bobbykelley@compass.com

891 Beach St, San Francisco, CA, 94109, USA

80 S 6th ST San Jose, CA 95112

Bobby Kelley

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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80 S 6th ST