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$3,125,000

Est. payment - /mo

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3 Beds

3 Baths

7,924 SqFt

Open Fri 4PM-5:30PM

393 N 5th ST San Jose, CA 95112

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

Open House

Fri Jan 16, 4:00pm - 5:30pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,924 sqft

Price per Sqft $394

MLS Listing ID ML82030789

Bedrooms 3

Full Baths 3

Year Built 1963

Lot Size 10,764 Sqft

Property Sub-Type Five or More Units

Property Description

Located on a corner lot in the Hensley Neighborhood, this multifamily asset offers an opportunity to own in San Jose, less than one mile from San Jose State University. The property benefits from strong rental demand driven by proximity to major employment and educational hubs. The asset consists of 12 units with a mix of (3) 2BD/1BA units, (8) 1BD/1BA units, and (1) studio. Tenants enjoy immediate access to Downtown San Jose dining, retail, nightlife, and cultural amenities, as well as close proximity to San José State University. The property totals approximately 7,924 SF on a 10,764 SF lot and is constructed on a cinderblock and concrete perimeter foundation with crawlspace access. Parking is above average with 12 assigned spaces, including 4 tuck-under and 8 uncovered stalls. Each unit features a private balcony, and a centrally located courtyard provides shared outdoor space. Recent improvements include a newer roof replaced in 2024. Most units feature updated carpet flooring, while original cabinetry and countertops remain, offering value-add potential. All units include white appliances and wall furnaces. The property offers stable in-place income with future upside in a supply-constrained Downtown San Jose submarket.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning R4

Rooms

Kitchen Exhaust Fan, Oven Range - Electric, Refrigerator

Interior

Heating Wall Furnace

Cooling Other

Flooring Carpet, Tile

Laundry Coin Operated

Exterior

Parking Features Carport , Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Rolled Composition

Building

Foundation Concrete Block, Crawl Space

Sewer Sewer - Private

Water Private / Mutual

Others

Restrictions Other

Tax ID 249-46-080

Security Features Other

Special Listing Condition Not Applicable

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321