155 S 11th ST, San Jose, CA 95112
- $3,250,000
- 10,893
- SqFt
Listed by Don Sung, 650-380-5188 from Colliers Parrish International, Inc.
(If provided) CoList: from
Sold listing courtesy of Cindy Liu from XLIU
- Sold Price
- $3,250,000
- List Price
- $4,000,000
- Closing Date
- Sep 04, 2025
- MLS#
- ML82004258
- Status
- SOLD
- Sqft. of Residence
- 10,893
- Lot Size
- 15,681
- Listing Area
- Central San Jose
- Year Built
- 1959
Property Description
Unique Oppty to Achieve 5.63% Cap or 7.39% Cap Within 3 to 6-Months. 3-Minute Walk to SJSU. Rare 25-Bedroom (With 29-Bedroom Potential) Student Housing. Fully-Vacant. SJSU Fraternity House With 10,893 SF on 3 Levels + Basement. Rehab 25 BRs, PLUS Add 4 Bedrooms to Achieve Income of 29 BRs of High-Quality Student Rental. Student Leases: August 1 to July 31, Offer Secure, Steady Cashflow w/ Minimal Vacancies. Extremely Supply-Constrained Student Housing Market Near SJSU. Considerable Interior Space w/ Numerous Repositioning Opportunities to Help Investor Achieve Premium Rents. Spacious Second and Third Floor Bedrooms (+/- 145 SF Bedrooms with 9' Ceilings) Offer Panoramic Views of SJ and SJSU Campus. 25-Parking Spaces Rear of Property - Investors May Lease Out or Include Parking in Rent for Additional NOI. Income-Generating Ideas: Onsite Gym, Movie Room, Bike Storage, Pickleball Courts, Solar Panels, Etc. CURRENT CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen): 5.63%; GRM: 10.4 (Cap Rate Inclusive of $300,000 Property Rehab Budget); Cost/SF: $367/SF. PRO-FORMA CAP Rate (If Rehab Existing Bedrooms, Baths & Kitchen PLUS Add 4 Bedrooms on Ground Floor): 7.39%; GRM: 8.9 (Inclusive of $300,000 Property Rehab + $140,000 Additional Bedrooms Budget); Cost/SF: $367/SF.
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Additional Information
- Acres
- 0.36
- Age
- 66
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Reinforced Concrete
- Garage Parking
- Parking Area
- Heating System
- Electric, Forced Air
- Laundry Facilities
- Coin Operated
- Living Area
- 10,893
- Lot Size
- 15,681
- Neighborhood
- Central San Jose
- Other Rooms
- Other
- Other Utilities
- Public Utilities
- Roof
- Fiberglass
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM
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