162 E San Salvador Street, San Jose, CA 95112

About this commercial property

Marcus & Millichap is pleased to present 162 E San Salvador Street, a 5-unit multifamily investment directly across from San Jose State University. This prime location ensures exceptional rental demand driven by the university's nearly 37,000 students and vibrant surrounding neighborhood. Built in 1935, this property offers a diverse unit mix - one 2-bed/1.5-bath, one 1-bed/1-bath, and three spacious studios - providing steady, diversified income. Priced to sell at an attractive 7.90% CAP rate and 8.6 GRM, the asset delivers strong in-place cash flow with significant long-term appreciation potential. High-demand properties at this price point across from San Jose State are rare - this opportunity will not last.

Listing description from the September 2025 sale, as reported to CRMLS.

Sale history

$1,325,000

Sold September 2025 · listed $1,200,000, on market August 2025 · MLS #ML82018284 · Source: CRMLS

Listing Agent: Eymon Binesh · Listing Office: Marcus & Millichap · Contact: (650) 391-1700 · Bought with: Eymon Binesh · Marcus & Millichap

Explore San Jose