S 11th Street San Jose, California
Listed By Colliers Parrish International, Inc.
The Commercial Property for Sale located at San Jose, California is currently for sale. San Jose, California is listed for $4,000,000. If the property located at San Jose, California isn't what you're looking for, visit https://devadmindomaintest1.xomio.com to see other Commercial Properties for Sale in San Jose .
Date Updated : May 20, 2025
MLS#: 374306060
$4,000,000 USD
- Minimum sellable space1,012m² (10,893ft²)
Property features
Construction details
- Year built: 1959
- Roofing: Fiberglass
Other features
- Heating system: Electric Forced Air
Area
- Property size: 1,012m² (10,893ft²)
- Land/Lot size: 1,457m² (15,681ft²)
Description
Unique Oppty to Achieve 5.63% Cap or 7.39% Cap Within 3 to 6-Months. 3-Minute Walk to SJSU. Rare 25-Bedroom (With 29-Bedroom Potential) Student Housing. Fully-Vacant. SJSU Fraternity House With 10,893 SF on 3 Levels + Basement. Rehab 25 BRs, PLUS Add 4 Bedrooms to Achieve Income of 29 BRs of High-Quality Student Rental. Student Leases: August 1 to July 31, Offer Secure, Steady Cashflow w/ Minimal Vacancies. Extremely Supply-Constrained Student Housing Market Near SJSU. Considerable Interior Space w/ Numerous Repositioning Opportunities to Help Investor Achieve Premium Rents. Spacious Second and Third Floor Bedrooms (+/- 145 SF Bedrooms with 9' Ceilings) Offer Panoramic Views of SJ and SJSU Campus. 25-Parking Spaces Rear of Property - Investors May Lease Out or Include Parking in Rent for Additional NOI. Income-Generating Ideas: Onsite Gym, Movie Room, Bike Storage, Pickleball Courts, Solar Panels, Etc. CURRENT CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen): 5.63%; GRM: 10.4 (Cap Rate Inclusive of $300,000 Property Rehab Budget); Cost/SF: $367/SF. PRO-FORMA CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen PLUS Add 4 Bedrooms on Ground Floor): 7.39%; GRM: 8.9 (Inclusive of $300,000 Property Rehab + $140,000 Additional Bedrooms Budget); Cost/SF: $367/SF.
Location
