Description
Marcus & Millichap is proud to present 45 S. 22nd Street, a newly 1990 built residential multifamily complex in downtown San Jose, CA. This turnkey Silicon Valley fourplex delivers a 6%+ pro-forma cap rate with exemption from the local Rent Ordinance of 5% maximum increase. A proven floor plan comprises four spacious 1-bedroom, 1-bathroom units (averaging ~780 sq. ft.) featuring an identical, highly functional layouttwo units on the ground floor and two on the upper level boasting with natural light. Premium turnkey interiors fully remodeled within the last 9 years, units boast durable tile flooring, new window's in half the units, sleek granite kitchen countertops, and a complete appliance package including a stove, refrigerator, and dishwasher. In-demand tenant amenities, each unit designed for independent living with its own dedicated water heater, private laundry hook-ups, soaring high ceilings, and abundant natural light. The outdoor living offers an enjoyable premium double-patio layout (one large, one secondary), well-manicured common areas, and dedicated on site parking located safely in the rear.
Details
| MLS # | ML82055127 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 55 |
| Listing Provided By | Marcus & Millichap | Cassandra Smillie Wyckoff |
Features
| SQ Feet | 3,122 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | RM |
| Acreage | 0.18 |
Interior
| Cooling | Central Air, Gas |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Loft |
| Appliances | Dishwasher, Electric Cooktop, Electric Oven, Disposal, Range Hood |
Exterior
| Roof | Shingle |
|---|---|
| Security Features | Security Lights |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Property | 22744 |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95116 |
| Area | 699 Not Defined |
| Listing VS Median (in 95116) | |
Price: $1,750,000 low | high Med: $1,497,500 sqft: 3,122 low | high Med: 3,616 $ / sqft: $561 low | high Med: $414 On site: 55 low | high Med: 67.5 | |
Market Activity 95116
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95116 |
| Area | 699 Not Defined |
| Listing VS Median (in 95116) | |
Price: $1,750,000 low | high Med: $1,497,500 sqft: 3,122 low | high Med: 3,616 $ / sqft: $561 low | high Med: $414 On site: 55 low | high Med: 67.5 | |
 | $1,250,000San Jose, CA 95116 |
 | $1,250,000San Jose, CA 95116 |