Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81988216
MLS Source
MLSListings, Inc.
Days on Site
9
Interior Features
Kitchen
Countertop - Formica
Appliances
Oven Range, Washer/Dryer, Appliances - Vary by Unit
Flooring
Carpet, Hardwood, Laminate, Vinyl/Linoleum
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
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
Unit Information
| # 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 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
385 E San Fernando St is a Residential Income in San Jose, CA 95112. This 5,020 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,750,000 and was built in 1951. This address can also be written as 385 E San Fernando St, San Jose, CA 95112.
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This listing information is up-to-date as of December 13, 2024. For the most current information, please contact Michael Shields, (408) 356-1900
