Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82004258
MLS Source
MLSListings, Inc.
Days on Site
18
Interior Features
Appliances
Dishwasher, Oven Range - Gas
Laundry
Coin Operated
Cooling
None
Heating
Electric, Forced Air
Exterior Features
Roof
Fiberglass
Foundation
Reinforced Concrete
Parking, School, and Other Information
Garage/Parking
Parking Area, Garage: 0 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Sewer
Public Sewer
Water
Public
Zoning
RM
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 0 | 25 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 145 | 1 | 1/0 | $1,400 | $1,500 | 24 |
| 2 | 408 | 1 | 1/0 | $2,000 | $2,500 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
155 S 11th St is a Residential Income in San Jose, CA 95112. This 10,893 square foot property sits on a 0.36 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,000,000 and was built in 1959. This address can also be written as 155 S 11th St, San Jose, CA 95112.
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This listing information is up-to-date as of April 26, 2025. For the most current information, please contact Don Sung, (650) 380-5188
