457 10Th StSan Jose, CA 95112

This exceptional 9-unit apartment building presents a compelling investment opportunity in San Jose, CA. Located at 457 S 10th St, this property boasts 5,847 square feet of net rentable space across three stories, built in 1960. The building sits on a 0.15-acre lot and features a desirable mix of one-bedroom, one-bathroom units, each with a designated carport. An on-site laundry facility adds to tenant convenience. Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $126,875, representing a 4.66% cap rate. Pro-forma projections indicate a NOI of $149,329 and a 5.48% cap rate. The asking price is $2,725,000, translating to $302,777.78 per unit and $466.05 per square foot. The property is zoned RM and its prime location near San Jose State University ensures high demand and low vacancy rates. Its proximity to major freeways (280, 101, and 680) and prominent tech companies (Cisco, PayPal, etc.) further enhances its investment appeal. The property's strong financial performance, coupled with its strategic location, makes it an attractive addition to any investment portfolio. The Santa Clara County Assessor's Parcel Number (APN) is 467-49-005. This is an individually owned property.