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431 S 11th St
San Jose, CA 95112
Multifamily Property For Sale
·
9 Units
EXECUTIVE SUMMARY
More than 5% CAP rate! Discover this exceptional 9-unit apartment building, ideally located just a quarter block from San Jose State University and Downtown San Jose — offering unbeatable convenience and high rental demand. The property features 8 covered carports, each with its own storage space, plus 1 enclosed garage and 2 open parking spots, providing ample parking for tenants. Residents also enjoy on-site laundry with QR code payment access, while owners benefit from two additional storage units and one office space for personal use. All nine units are fully occupied, highlighting the strong rental performance in this sought-after area. Recent improvements include new wall heaters, updated bathtub faucets, freshly painted exterior and stairways, automatic irrigation, and modernized mailboxes — ensuring a well-maintained and attractive property. With significant upside rent potential, this is a rare opportunity to own a stable, income-producing asset in a thriving urban location. Don’t miss the chance to invest in comfort, practicality, and long-term value!
PROPERTY FACTS
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Sale Condition | 1031 Exchange | Building Size | 9,866 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low-Rise | Parking Ratio | 1.6/1,000 SF |
| Zoning | RM, San Jose | ||
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,866 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | RM, San Jose |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Heating
- Ceiling Fans
- Hardwood Floors
- Freezer
- Instant Hot Water
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Spa
- Tenant Controlled HVAC
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 467-49-026 | Improvements Assessment | $832,320 |
| Land Assessment | $1,664,640 | Total Assessment | $2,496,960 |
PROPERTY TAXES
Parcel Number
467-49-026
Land Assessment
$1,664,640
Improvements Assessment
$832,320
Total Assessment
$2,496,960
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