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The Spartans Portfolio - 38 SRO Units 4 Multifamily Properties Offered at $4,153,000 in San Jose, CA
Investment Highlights
- Rare 38-Unit Single-Room Occupancy (SRO) Portfolio (4 Properties) in Downtown San Jose
- Untapped Parking & Storage Revenue Presents Immediate NOI Upside
- Long-Term Security with Proven SRO Demand
- Exceptional Value-Add Potential with Strong Rent Upside - Current Rents Average 30% Below Market
- Unique, Scalable Entry into the San Jose Market
Executive Summary
PORTFOLIO OF FOUR PRIME PROPERTIES IN CENTRAL SAN JOSE! One Duplex & three Single-Family Homes consisting of 38 income producing Single-Room Occupancy (SRO) Units in walkable neighborhoods near downtown San Jose and San Jose State University. Each home features private bedrooms within a shared living environment designed for students, service workers, and young professionals seeking affordable, centrally located housing - 80% of current tenants are SJSU students.
Portfolio Property Addresses:
- 325 E Saint John St - 9 bedrooms + 3 bathrooms (SFR).
- 684 Julian St - 8 bedrooms + 3 bathrooms (fully renovated single-family home including newer ADU converted from garage).
- 1090 S 7th Street - 10 bedrooms + 5 bathrooms (SFR).
- 22 S 10th St - 11 bedrooms + 4 bathrooms (Duplex).
In-place rents average 30% below market, offering a clear path to higher cash flow and a significant add-value opportunity for a new owner to make modest unit & common area improvements as turnovers occur and increase cash flow. All four properties offer parking (some permits) & storage spaces. In-place utility reimbursements for all tenants. With over 1 million residents and 36,000+ students at San Jose State University, demand for centrally located, affordable housing continues to outpace supply.
Portfolio Property Addresses:
- 325 E Saint John St - 9 bedrooms + 3 bathrooms (SFR).
- 684 Julian St - 8 bedrooms + 3 bathrooms (fully renovated single-family home including newer ADU converted from garage).
- 1090 S 7th Street - 10 bedrooms + 5 bathrooms (SFR).
- 22 S 10th St - 11 bedrooms + 4 bathrooms (Duplex).
In-place rents average 30% below market, offering a clear path to higher cash flow and a significant add-value opportunity for a new owner to make modest unit & common area improvements as turnovers occur and increase cash flow. All four properties offer parking (some permits) & storage spaces. In-place utility reimbursements for all tenants. With over 1 million residents and 36,000+ students at San Jose State University, demand for centrally located, affordable housing continues to outpace supply.
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Property Facts
| Price | $4,153,000 | Status | Active |
| Price / SF | $543.59 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5.70% | Total Building Size | 7,640 SF |
| Sale Type | Investment | Total Land Area | 0.42 AC |
| Price | $4,153,000 |
| Price / SF | $543.59 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 7,640 SF |
| Total Land Area | 0.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 325 E Saint John St, San Jose, CA 95112 | Multifamily | 2,746 SF | 1901 | - |
| 684 E Julian St, San Jose, CA 95112 | Multifamily | 2,048 SF | 1901 | - |
| 22 S 10th St, San Jose, CA 95112 | Multifamily | 1,776 SF | 1898 | - |
| 1090 S 7th St, San Jose, CA 95112 | Multifamily | 1,070 SF | 1901 | - |
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The Spartans Portfolio - 38 SRO Units
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