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Listed by Jim Meech • James Meech, Broker, DRE#01145137
$1,500,000
Est. payment /mo
4 Beds
5 Baths
3,940 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,940 sqft
Price per Sqft $380
MLS Listing ID ML82038150
Bedrooms 4
Full Baths 5
Year Built 1955
Lot Size 6,027 Sqft
Property Sub-Type Five or More Units
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 Central San Jose
Zoning C3
Rooms
Other Rooms Laundry Room, Storage
Interior
Heating Gas
Cooling None
Exterior
Parking Features Off-Site Parking
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 472-27-056
Security Features None
Special Listing Condition Not Applicable
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Kamala Venkatesan
Agent | License ID: DRE# 01387418
Agent License ID: DRE# 01387418