80 S 22nd Street, San Jose, CA 95116

About this commercial property

Multifamily property consists of eight, 1BD/1BA units, approx 425 SF in size. Seven of the eight units have been renovated with newer cabinetry, granite countertops, appliances, flooring, paint and are in very good condition. All units also have double pane windows. All 8 units are currently rented with 7 at market rate of $1,895/month/unit. There are no delinquent rents or tenants in arrears. See the Unit Mix Report in OM for the rental amount for each unit. The 3,618 square foot building consist of a concrete foundation with stucco over wood structure, composite shingle roof and concrete parking lot. The lot size is 7,800 square feet and the property is zoned Residential Multifamily (RM). There are 8 uncovered parking spaces on-site. There is no tuckunder parking for this building which means that a "soft-story" engineering retrofit will not be required. The property is located in an exceptionally strong East San Jose Rental Market where demand for units is very robust. This property is subject to San Jose's Apartment Rental Ordinance and Tenant Protection Ordinance, as are all 3+ unit buildings constructed before 2007.

Listing description from the April 2024 sale, as reported to CRMLS.

Sale history

$1,999,999

Sold April 2024 · listed $2,150,000, on market November 2023 · MLS #ML81948925 · Source: CRMLS

Listing Agent: Michael Shields · Listing Office: SiliconValley MultiFamilyGroup · Contact: 408-356-1900 · Bought with: Leah Chen

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