RR Apartments
6 Unit Apartment Building | $2,250,000 ($375,000/Unit) | 4.65% Cap Rate | San Jose, CA 95112
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,250,000
- Property Type
-
Multifamily
- Square Feet
- 3,780 SF
Listing Contacts
Eymon Binesh
Verified Profile
Jacob Clyne
Verified Profile
Adam Levin
Verified Profile
Robert Johnston
Verified Profile
- Property Info
Property Overview
556 S 11th St is an exceptional 6-unit apartment community located in the prosperous city of San Jose, California.
Situated on a 5,514 square foot parcel of land, the subject property was originally constructed in 1959 and features a gross building area of approximately 3,780 square feet, offering tenants and residents beautifully designed two-bedroom and studio floor plans. The subject property also offers tenants convenient amenities such as private covered parking and on-site laundry.
556 S 11th St sits near Downtown San Jose and is within proximity to the San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.
Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, and Cisco, among many other multinational enterprises.
The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 556 S 11th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Situated on a 5,514 square foot parcel of land, the subject property was originally constructed in 1959 and features a gross building area of approximately 3,780 square feet, offering tenants and residents beautifully designed two-bedroom and studio floor plans. The subject property also offers tenants convenient amenities such as private covered parking and on-site laundry.
556 S 11th St sits near Downtown San Jose and is within proximity to the San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.
Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, and Cisco, among many other multinational enterprises.
The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 556 S 11th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Property Details
- Class
- C
- Year Built
- 1959
- Stories
- 2
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 6
Highlights
- Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the South Bay.
- The subject property sits near San Jose State University, capitalizing on the robust student housing demand.
- 556 S 11th St offers tenants convenient amenities such as private covered parking and on-site laundry.
- The subject property offers tenants and residents convenient access to I-280 and other major transportation routes.
- Many of the nation's top tech employers are within close proximity to the subject property.
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