529 South 10th Street

San Jose, CA 95112

$3,555,000
Last Sold Price
Beds
8,695 Sq. Ft.
$409 / Sq. Ft.
8,695
Sq. Ft.
$409
per Sq. Ft.

Description

Marketing Package and DD File available upon request High current cap rate of 4.8% and excellent unit mix of (7) 3BD-2BA & (2) 2BD-2BA. 529 S 10th Street offers an investor the opportunity to acquire 9 units, located in the heart of Downtown San Jose and adjacent to San Jose State University. Built in 1962, this three-story apartment complex consists of 8,695 square feet of rent-able space situated on a 6,367 square foot parcel and boasts a strong unit mix of seven (7) three bedroom/two bathroom...Marketing Package and DD File available upon request High current cap rate of 4.8% and excellent unit mix of (7) 3BD-2BA & (2) 2BD-2BA. 529 S 10th Street offers an investor the opportunity to acquire 9 units, located in the heart of Downtown San Jose and adjacent to San Jose State University. Built in 1962, this three-story apartment complex consists of 8,695 square feet of rent-able space situated on a 6,367 square foot parcel and boasts a strong unit mix of seven (7) three bedroom/two bathroom and two (2) two bedroom/ two bathroom units. Underwriting has vacant unit adjusted to estimated market rent.
  1. Listed by Mitchell Zurich • DRE #01870648 • Brokerage DRE #01240999 • Marcus & Millichap • 408-888-9594
  2. Listed by Fred Rubio • DRE #01984041 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 529 South 10th Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
9
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648; Marcus & Millichap, Fred Rubio, DRE #01984041

Sold By Laura Kreuger, Broker, Laura Kreuger, DRE #01890091

Add your commute
LISTING UPDATED: 09/27/2022 10:59 AM

Property Details for 529 South 10th Street

StatusSold
MLS #ML81889073
Days on Compass113
Taxes$48,266 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1962
Lot Size0.15 AC / 6,367 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648; Marcus & Millichap, Fred Rubio, DRE #01984041

Sold By Laura Kreuger, Broker, Laura Kreuger, DRE #01890091

Add your commute

Building Information for 529 South 10th Street

Stories-Residences-Year Built1962Building Size-Lot Size0.15 AC / 6,367 SF

Payment Calculator

$23,423 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,401

Property Taxes

$4,022

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 529 South 10th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 8695
  • Pool: No
  • Security Features: Controlled / Secured Access, Secured Garage / Parking
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Electric Gate
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 9
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 529
  • Street Name: 10th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 8695
  • Structure SqFt Source: Assessor
  • Age: 60
Development Information
  • Zoning Detail: R3F
Location Information
  • Parcel Number: 472-29-004
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Pillars / Posts / Piers
  • Lot Acres: .15
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
General Information
  • Annual Tax Amount: $48,266
  • Capitalization Rate: 4.80
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Parking, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,571
  • Expense Landscape: $0
  • Expense Maintenance: $4,500
  • Expense Management: $0
  • Expense Trash: $2,076
  • Expenses Other: $0
  • Expenses Utility: $11,434
  • Expenses Total: $70,847
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Utilities, Vacancy Factor, Other
  • Gross Rent Multiplier: 14.59
  • Income Annual Gross: $254,380
  • Income Annual Rental: $261,168
  • Income Gross Scheduled: $262,247
  • Income Other: $1,079
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Units Total: 7
Unit Type 2
  • Unit Type2 Units Total: 2
Listing Info
Rental Info
  • Lease Type: Net

Property History for 529 South 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 529 South 10th Street

Taxable ValueLand$1,655,000Additions$1,900,000Total$3,555,000
Tax Record2023$45,253 ($3,771 / month)
Home Facts
Total Finished SqFt8,695 SqFtAbove Grade Finished SqFt8,695 SqFtStories3Lot Size6,367 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningR3FCountySANTA CLARAAPN472-29-004Fireplace TypeHas Fireplace

Schools near 529 South 10th Street

This home is within San Jose Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 5 to 8
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Herbert Hoover Middle School
Public6 to 8

Abraham Lincoln High School
Public9 to 12

Downtown College Preparatory Middle
Charter5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648; Marcus & Millichap, Fred Rubio, DRE #01984041

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.