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In-PersonVirtual Tour
$ 1,500,000
Est. payment | /mo
6,028 Sqft Lot
$ 1,500,000
Est. payment | /mo
6,028 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82038150
HOA Y/N No
Year Built 1955
Annual Tax Amount $16,896
Lot Size 6,028 Sqft
Property Description
Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier "bread and butter" 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential.Key Highlights: Value-Add Opportunity: Current rents are below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint. Bonus Revenue: On-site laundry facilities are currently unused, offering immediate potential for additional income. Prime Location: Highly walkable neighborhood blocks away from SJSU, the SoFA District, and William Street Park a rare and valuable asset in Downtown San Jose. Perfect for a 1031 exchange or a long-term hold in Silicon Valleys high-demand rental market. Full financial package available.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning C3
Interior
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 8
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 47227056
Special Listing Condition Standard
Listed by Jim Meech James Meech, Broker #01145137
NEARBY SCHOOL & BUSINESS