$4,000,000
Rare value-add student housing opportunity one block from San José State University. This ±15,190 SF property offers 27 bedrooms across two stories plus basement, set on an 18,560 SF lot (0.426 acre), the largest parcel on the block, zoned R-3F. The building has been extensively remodeled, including a new roof, HVAC, plumbing, and electrical, and features a commercial kitchen, a separate residential kitchen, a large common room, an auditorium, multiple common restrooms, and on-site parking. Currently occupied by only six month-to-month tenancies, the property offers substantial upside for an owner-user or investor to renovate, re-lease, and stabilize in one of the region's strongest student housing submarkets, where the vast majority of SJSU undergraduates live off campus. Walkable to campus, dining, and light rail. Unbranded 3D virtual tour available. Buyer to verify all information to their satisfaction.
Listed by Buddy Parsons with Borelli Investment Company
MLS Property Type
Commercial Sale
Status
Active
MLS Number
ML82059452
Year Built
1961
Building Size
15,190 sq ft
Lot Size
0.43 acres
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439441 S 5th St, San Jose
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