San Jose, CA 95112,630 S 8th ST
San Jose, CA 95112,630 S 8th ST
San Jose, CA 95112,630 S 8th ST
$1,618,000
Est. payment /mo
$1,695,000
4.5%
Est.Price: ?

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10,362 Sqft Lot
SOLD DATE : 12/18/2024

Key Details

Sold Price $1,618,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81982009

Sold Date 12/18/24

HOA Y/N No

Year Built 1922

Annual Tax Amount $19,476

Lot Size 10,362 Sqft

Property Description

FAVORABLE SELLER FINANCING AVAILABLE! 630 S 8th St, San Jose, CA 95112 is located in the heart of downtown San Jose. this 5 unit apartment complex has a a diverse unit mix: (1) 1 Bed, 2 Bath, (1) 1 Bed, 1 Bath, and (3) Studio units. The detached garage offers a fantastic opportunity to convert into a 1 Bed, 1 Bath ADU with minimal capital expenditure, making this a highly flexible and lucrative investment. Spanning approximately 2,880 square feet on a 0.24-acre lot, it provides comfortable living spaces for tenants while offering investors a steady stream of rental income. Just two blocks from San Jose State University, this property is a magnet for students seeking proximity and convenience. Its low vacancy rate, high rental demand, and potential for cost-effective ADU conversion make it an ideal choice for savvy investors. You're less than a mile from the bustling San Pedro Square and enjoy seamless access to major highways 280, 101, and 680, connecting you to all that San Jose has to offer. Additionally, youll be close to major employers such as Cisco, PayPal, FICO, ZOOM, Western Digital, Sage Intacct, PWC, Adobe, and Apple Headquarters. Cap rate is reflective of ADU addition

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Total Parking Spaces 5

Building

Water Public

Schools

School District San Jose Unified

Others

Tax ID 47224007

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ray Rodriguez • Compass
Bought with Ray Rodriguez • Compass

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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