162 E San Salvador ST, San Jose, CA 95112
- $1,325,000
- 2,760
- SqFt
Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Eymon Binesh from M&MKW
- Sold Price
- $1,325,000
- List Price
- $1,200,000
- Closing Date
- Sep 18, 2025
- MLS#
- ML82018284
- Status
- SOLD
- Sqft. of Residence
- 2,760
- Lot Size
- 2,642
- Listing Area
- Central San Jose
- Year Built
- 1935
Property Description
Marcus & Millichap is pleased to present 162 E San Salvador Street, a 5-unit multifamily investment directly across from San Jose State University. This prime location ensures exceptional rental demand driven by the university's nearly 37,000 students and vibrant surrounding neighborhood. Built in 1935, this property offers a diverse unit mix - one 2-bed/1.5-bath, one 1-bed/1-bath, and three spacious studios - providing steady, diversified income. Priced to sell at an attractive 7.90% CAP rate and 8.6 GRM, the asset delivers strong in-place cash flow with significant long-term appreciation potential. High-demand properties at this price point across from San Jose State are rare - this opportunity will not last.
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Additional Information
- Acres
- 0.06
- Age
- 90
- Cooling System
- None
- Days On Market
- Unknown
- Floor Covering
- Tile, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- On Street
- Heating System
- Gas
- Laundry Facilities
- None
- Living Area
- 2,760
- Lot Size
- 2,642
- Neighborhood
- Central San Jose
- Other Utilities
- Public Utilities
- Roof
- Bitumen
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- CG
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