635 S 11th St, San Jose, CA, 95112

635 S 11th St, San Jose, CA, 95112 < >
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for sale
$6,550,000
Square Feet:15306
Lot Size:0.30 Acres
Year Built:1963
Status:Active
Date Updated:
For information contact:
Sue Liu
(408) 966-6931
DRE# 01053786 | NMLS# 2024718
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Go See This Property
Well maintained 20 unit apartment building in Downtown San Jose, 2 blocks from San Jose State University. 13, 2BD/1BA units & 7, 1BD/1BA units. Units are at or near market rates. Opportunity exists to increase rents. (Subject to San Jose ARO). Income for 2022 is projected to be $439,201 and at market level the building should generate $530,400 annual income. Average rent for the 2BD/1BA units is $1,943 and $1,605 for the 1BD/1BA units. Average rents for a comparable 2BED unit in the area is $2,350 and $1,950 for a 1BED unit. On-site laundry facility generates additional income of $1,300 annually. All of the units have been renovated including: kitchens & baths, laminate flooring, and double-pane windows. Built in 1963, classic three-story, walk-up, Garden Style. 18 "tuck-under" parking spaces and 4 uncovered spaces on-site. Tenants pay gas, electric, phone & cable. Owner pays water & sewer, trash and common area utilities. Very strong rental area.
Interior Details
Cooling: NoneFlooring: Carpet, Laminate
Heating: Wall Furnace Kitchen: Countertop - Granite, Oven Range, Refrigerator
Laundry: Coin Operated

Exterior Details
Foundation: Concrete PerimeterLot Acres: 0.2989
Roof: Composition

Community Information
Pool Y/N: 0

Property Information From MLS Data
Construction Type: Wood FrameGarage Parking Features: Assigned Spaces, Carport , Uncovered Parking
Structure SqFt: 15306Utilities : Individual Electric Meters, Individual Gas Meters, P
Year Built: 1963Amenities Misc.: None
Garage Spaces: 0Water: Public
Meters: Master Electric, Master Gas, Master Water, Separate ENumber of Buildings: 1
Parking Spaces: 4Sewer Septic: Sewer Connected, Sewer in Street

Financial Information
HOA Amenities: NoneHOA Exist Y/N: 0

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Monthly Payment for 635 S 11th St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$6,550,000
Down Payment:
Loan Amount:$5,240,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:

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