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630 S 8th Street San Jose CA 95112 MLS #ML81982009

FAVORABLE SELLER FINANCING AVAILABLE! 630 S 8th St, San Jose, CA 95112 is located in the heart of downtown San Jose. this 5 unit apartment complex has a a diverse unit mix: (1) 1 Bed, 2 Bath, (1) 1 Bed, 1 Bath, and (3) Studio units. The detached garage offers a fantastic opportunity to convert into a 1 Bed, 1 Bath ADU with minimal capital expenditure, making this a highly flexible and lucrative investment. Spanning approximately 2,880 square feet on a 0.24-acre lot, it provides comfortable living spaces for tenants while offering investors a steady stream of rental income. Just two blocks from San Jose State University, this property is a magnet for students seeking proximity and convenience. Its low vacancy rate, high rental demand, and potential for cost-effective ADU conversion make it an ideal choice for savvy investors. You’re less than a mile from the bustling San Pedro Square and enjoy seamless access to major highways 280, 101, and 680, connecting you to all that San Jose has to offer. Additionally, youll be close to major employers such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and Apple Headquarters. Cap rate is reflective of ADU addition

Property Details

Price:
$1,695,000
MLS #:
ML81982009
Status:
Active Under Contract
Baths:
0
Address:
630 S 8th Street
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Sep 28, 2024
State:
CA
ZIP:
95112
Year Built:
1922

Schools

Interior

Cooling
None
Heating
Wall Furnace

Exterior

Parking Spots
5.00
Water Source
Public

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