155 S 11th St | San Jose, CA 95112
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- LoopNet Team
155 S 11th St
San Jose, CA 95112
Former Sigma Nu: 3-Min. Walk to SJSU-5.6% CAP · Specialty Property For Sale
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15,680 SF
Investment Highlights
- Blank Canvas - Fully Vacant, 25-Bedroom Student Rental w/ Potential to Develop into 29-Bedroom Student Rental - 3-Min. Walk to SJSU
- Can Stabilize to +/- 6% to 8% Cap Rate Within 3 to 6 Months. See OM for List of Repositioning Ideas to Turn Asset Into High-Quality Student Rental
- Nice Ceiling Height: Basement - 9'6" Ceiling Height; 1st Floor - 12' Ceiling Height; 2nd/3rd Floors: 9' Ceiling Height
- Estimated Cap Rate is 5.63% (Includes $300k Rehab Budget) and 7.39% with 29-Bedrooms (Includes $300k + $140k Additional Rooms Budget)
- Bldg Size +/- 10,892 SF Accounts for 1st, 2nd, and 3rd Floor Only. Does not Include Basement
- CONTACT AGENT for OM + List of Repositioning Ideas; 2nd and 3rd Level Bedrooms Offer Nice Views of Downtown San Jose and SJSU
Property Facts
| Property Type | Specialty | No. Stories | 3 |
| Property Subtype | Sorority/Fraternity House | Year Built | 1959 |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.36 AC | Parking Ratio | 0.96/1,000 SF |
| Building Size | 15,680 SF | ||
| Zoning | UR - Zoning: UR (Urban Redevelopment) Height Limit: 135’ (10-16 stories) Residential: 30 to 95 DU/AC - 34 Units Permitted 100% commercial FAR: 1.0 to 4.0 | ||
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 15,680 SF |
| No. Stories | 3 |
| Year Built | 1959 |
| Tenancy | Single |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | UR - Zoning: UR (Urban Redevelopment) Height Limit: 135’ (10-16 stories) Residential: 30 to 95 DU/AC - 34 Units Permitted 100% commercial FAR: 1.0 to 4.0 |
Property Taxes
| Parcel Number | 467-25-101 | Improvements Assessment | $1,020 |
| Land Assessment | $5,670,180 | Total Assessment | $5,671,200 |
Property Taxes
Parcel Number
467-25-101
Land Assessment
$5,670,180
Improvements Assessment
$1,020
Total Assessment
$5,671,200
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