Home | Santa Clara County | San Jose | 95112 | 385 E San Fernando St
MLS: ML81988216 | Status: | Price: $1,570,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 5,020 | 5,850 | 1951 |
A unique rental property, directly across the street from San Jose State University. This 5-unit apartment building actually has 6 legal units! There are three, 2BD/1BA units; two, 1BD/1BA units & a permitted, legal, 3BD/2BA+office SRO unit. The building is classified as 5-unit building only because there are 5 on-site parking spaces, but there are six (6) legal, permitted units. All the units are fully rented. The 3-bedroom unit is currently being rented as an SRO unit (Single Room Occupancy). The unit can continue to be operated in this manner or it can be rented out as a fully functional 3BD/2BA+office unit with minor modifications. There is also a laundry room with appliances within this unit. There is large upside potential with this property. The rents are below market, especially due to its proximity to San Jose State University, and although the units are in reasonably good condition, they could be upgraded to generate considerably higher revenue. At present the building generates $11,935 in monthly revenue. But could be generating up to $14,700/month with renovations and strong management. The building is ideally located for both student or workforce rentals. Full marketing package and disclosures available.
| Field | Value |
|---|---|
| MLS # | ML81988216 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Formica |
| Appliances | Oven Range, Washer/Dryer, Appliances - Vary by Unit |
| Flooring | Carpet, Hardwood, Laminate, Vinyl/Linoleum |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | Common Parking Area, Garage: 0 Car(s) |
| Elementary District | San Jose Unified |
| High School District | San Jose Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R4 |
Michael Shields
SiliconValley MultiFamilyGroup
License #: 01327546
Phone: (408) 356-1900
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | – | $2,100 | 1 |
| 2 | – | 2 | 1/0 | – | $1,850 | 1 |
| 3 | – | 2 | 1/0 | – | $2,000 | 1 |
| 4 | – | 1 | 1/0 | – | $1,575 | 1 |
| 5 | – | 1 | 1/0 | – | $1,800 | 1 |
| 6 | – | 3 | 2/0 | – | $2,610 | 1 |
School data provided by GreatSchools.org
©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Michael Shields, (408) 356-1900.