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393 N 5th ST San Jose, CA 95112
10,763 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82030789
HOA Y/N No
Year Built 1963
Annual Tax Amount $37,625
Lot Size 10,763 Sqft
Property Description
Located on a corner lot in the Hensley Neighborhood, this multifamily asset offers an opportunity to own in San Jose, less than one mile from San Jose State University. The property benefits from strong rental demand driven by proximity to major employment and educational hubs. The asset consists of 12 units with a mix of (3) 2BD/1BA units, (8) 1BD/1BA units, and (1) studio. Tenants enjoy immediate access to Downtown San Jose dining, retail, nightlife, and cultural amenities, as well as close proximity to San José State University. The property totals approximately 7,924 SF on a 10,764 SF lot and is constructed on a cinderblock and concrete perimeter foundation with crawlspace access. Parking is above average with 12 assigned spaces, including 4 tuck-under and 8 uncovered stalls. Each unit features a private balcony, and a centrally located courtyard provides shared outdoor space. Recent improvements include a newer roof replaced in 2024. Most units feature updated carpet flooring, while original cabinetry and countertops remain, offering value-add potential. All units include white appliances and wall furnaces. The property offers stable in-place income with future upside in a supply-constrained Downtown San Jose submarket.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R4
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 4
Roof Type Flat
Total Parking Spaces 8
Schools
School District San Jose Unified
Others
Tax ID 24946080
Special Listing Condition Standard
Listed by Ray Rodriguez Compass
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