710 23Rd StSan Jose, CA 95112

This exceptional 25-unit apartment building presents a compelling investment opportunity in San Jose, California. The property, encompassing approximately 24,491 square feet of net rentable space, sits on a sizable 35,324 square foot lot (0.81 acres). Constructed in 1962, the two-building complex features two stories and boasts a 96% occupancy rate, generating a current NOI of $503,722 and a pro-forma NOI of $552,395. The property includes a mix of one to three-bedroom units, offering a diverse range of living spaces. Convenient amenities include ample off-street parking and an on-site laundry facility. Its prime location at 710 N 23rd St, San Jose, CA 95112, places it within close proximity to San Jose State University (6 minutes away), Santa Clara University, and San Jose City College, making it attractive to students and faculty. The property's proximity to Japantown, downtown San Jose, and public transportation, including the Berryessa/North San Jose BART station, further enhances its appeal. The permitted zoning is MULTI-FAMILY RES (5+ units), offering potential for future development or expansion. This fee-simple ownership opportunity provides a strong foundation for long-term growth and profitability in a thriving San Jose market, just 4.5 miles from Norman Y. Mineta San Jose International Airport. The APN is 249-20-010.