215 Oak St, San Jose, CA 95110
7 Unit Apartment Building | $2,095,000 ($299,286/Unit) | 4.86% Cap Rate | San Jose, CA 95110
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,095,000
- Property Type
-
Multifamily
- Square Feet
- 4,395 SF
Listing Contacts
Ray Rodriguez
Verified Profile
Tony Zizzo
Verified Profile
- Property Info
Property Overview
The R&Z Group of Compass Commercial is pleased to list 215 Oak St, San Jose CA 95110 out in the open market. Situated one mile from Downtown San Jose, 215 Oak Street is situated in the Heart of Silicon Valley which is a strong rental market. The asset features (7) One Bedroom One Bathroom Units and (7) large tuck-under designated parking spaces in an area where parking is limited.
The property is also located one block away from Washington Elementary and less than a half mile from Highway 280, Highway 87, and Highway 101 entrances making access simple and convenient. San Jose State University is less than one mile from the property, along with several companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, and Adobe.
The property provides its tenants with an on-site coin-operated washer and dryer for the tenants' convenience. Most of the tenants are long-term and have month-to-month leases. Five of the seven units are on the second floor and the remaining two on the first floor. The roof is low pitch with asphalt shingle, while the foundation is concrete perimeter with a crawl space. The electrical panels are up to date and do not require an update.
The property is also located one block away from Washington Elementary and less than a half mile from Highway 280, Highway 87, and Highway 101 entrances making access simple and convenient. San Jose State University is less than one mile from the property, along with several companies, such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, and Adobe.
The property provides its tenants with an on-site coin-operated washer and dryer for the tenants' convenience. Most of the tenants are long-term and have month-to-month leases. Five of the seven units are on the second floor and the remaining two on the first floor. The roof is low pitch with asphalt shingle, while the foundation is concrete perimeter with a crawl space. The electrical panels are up to date and do not require an update.
Property Details
- Class
- C
- Year Built
- 1957
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 7
Highlights
- 7 Assigned tuck-under carports.
- On-Site Washer/Dryer.
- Less than one mile away from SJSU and Downtown San Jose.
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