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$600,000
Est. payment /mo
2,900 SqFt
Open House
Wed Jul 15, 4:00pm - 5:30pm
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,900 sqft
Price per Sqft $206
MLS Listing ID ML82054074
HOA Y/N No
Year Built 1915
Annual Tax Amount $7,224
Lot Size 5,797 Sqft
Property Sub-Type Triplex
Property Description
Rare value-add multifamily opportunity in downtown San Jose's Julian-St. James neighborhood, less than one mile from San Jose State University. 392 N 12th St is a three-unit property spans two buildings totaling approximately 2,900 square feet on a 5,796 square foot lot (buyer to verify). The unit mix includes two 2 Bed/2 Bath units and one 2 Bed/2 Bath plus office, with ample uncovered parking on site. The property is delivered 100% vacant and in need of repairs, giving a new owner a clean slate to renovate and lease the entire asset at market rents without tenant relocation or phased renovation constraints. This structure allows a full-scope repositioning on the buyer's own timeline, with the complete upside captured at stabilization. Located within walking and transit distance of a strong student and young professional renter base, the property benefits from proximity to downtown employment, dining, entertainment, and the SAP Center, plus quick access to Highways 87, 101, and 280. With full vacancy, a flexible unit mix, on-site parking, and a prime downtown-adjacent location, this offering presents a clear value-add opportunity with upside upon lease-up.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R2
Interior
Flooring Laminate
Fireplace No
Exterior
Parking Features Uncovered
View Y/N No
Roof Type Flat,Shingle
Accessibility Other
Total Parking Spaces 3
Building
Story 2
Sewer Private Sewer
Schools
School District San Jose Unified
Others
Tax ID 24954072
Special Listing Condition Standard
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Listed by Ray Rodriguez Compass #01999734
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