$3,125,000
Est. payment /mo
7,924 SqFt
Open Fri 4PM-5:30PM
393 N 5th Street San Jose, CA 95112
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Open House
Fri Jan 16, 4:00pm - 5:30pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,924 sqft
Price per Sqft $394
MLS Listing ID ML82030789
HOA Y/N No
Year Built 1963
Lot Size 10,764 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Located on a corner lot in the Hensley Neighborhood, this multifamily asset offers an opportunity to own in San Jose, less than one mile from San Jose State University. The property benefits from strong rental demand driven by proximity to major employment and educational hubs. The asset consists of 12 units with a mix of (3) 2BD/1BA units, (8) 1BD/1BA units, and (1) studio. Tenants enjoy immediate access to Downtown San Jose dining, retail, nightlife, and cultural amenities, as well as close proximity to San Jos State University. The property totals approximately 7,924 SF on a 10,764 SF lot and is constructed on a cinderblock and concrete perimeter foundation with crawlspace access. Parking is above average with 12 assigned spaces, including 4 tuck-under and 8 uncovered stalls. Each unit features a private balcony, and a centrally located courtyard provides shared outdoor space. Recent improvements include a newer roof replaced in 2024. Most units feature updated carpet flooring, while original cabinetry and countertops remain, offering value-add potential. All units include white appliances and wall furnaces. The property offers stable in-place income with future upside in a supply-constrained Downtown San Jose submarket.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling Other
Flooring Tile
Fireplace No
Laundry Coin Operated
Exterior
Handicap Access Other
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