556 South 11th Street

San Jose, CA 95112

$2,250,000
Price
Beds
3,780 Sq. Ft.
$595 / Sq. Ft.
3,780
Sq. Ft.
$595
per Sq. Ft.

Description

556 S 11th Street is well located within 2 blocks of the prestigious San Jose State University. This asset features Five (5) 2-bedroom/1-bathroom floor plans, and One (1) Studio/1-bath that has their own private garage. The property has undergone renovations in select units that include newly upgraded kitchens with granite countertops, bathrooms with designer finishes, stainless steel appliances, and new LVT flooring. The investment appeal of this asset is driven by San Joses strong employment fundamentals...556 S 11th Street is well located within 2 blocks of the prestigious San Jose State University. This asset features Five (5) 2-bedroom/1-bathroom floor plans, and One (1) Studio/1-bath that has their own private garage. The property has undergone renovations in select units that include newly upgraded kitchens with granite countertops, bathrooms with designer finishes, stainless steel appliances, and new LVT flooring. The investment appeal of this asset is driven by San Joses strong employment fundamentals and low vacancy levels. With a world-class location in the Silicon Valley, 556 S 11th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
  1. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030

Property Details for 556 South 11th Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
1
Parking Spaces
1

Location

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059
Add your commute
LISTING UPDATED: 04/26/2024 02:10 PM

Property Details for 556 South 11th Street

StatusActive
MLS #ML81962417
Days on Compass11
Taxes$28,794 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1959
Lot Size0.13 AC / 5,663 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059
Add your commute

Building Information for 556 South 11th Street

Stories-Residences-Year Built1959Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

$14,679 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$2,400

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 556 South 11th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3780
  • Pool: No
  • Security Features: Other
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Water On Site
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Off-Street Parking
Property Details
Homeowners Association
  • HOA Amenities: Additional Storage
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 556
  • Street Name: 11th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3780
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Zoning Detail: RM
Location Information
  • Parcel Number: 472-29-060
  • 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: Wood Frame
  • Lot Acres: .13
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $28,794
  • Capitalization Rate: 4.69
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,276
  • Expense Landscape: $1,800
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $2,400
  • Expenses Other: $0
  • Expenses Utility: $5,700
  • Expenses Total: $43,970
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities - Electric, Utilities - Gas, Utilities - Heat, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 14.59
  • Income Annual Gross: $149,539
  • Income Annual Rental: $152,724
  • Income Gross Scheduled: $154,164
  • Income Other: $1,440
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,016
Unit 2 Information
  • Unit 2 Approx Square Footage: 550
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 0
  • Unit 2 Rent: $1,900
Unit Type 1
  • Unit Type1 Approx SqFt: 800

Property History for 556 South 11th 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 556 South 11th Street

Taxable ValueLand$769,706Additions$1,126,673Total$1,896,379
Tax Record2023$24,808 ($2,067 / month)
Home Facts
Total Finished SqFt3,780 SqFtAbove Grade Finished SqFt3,780 SqFtStories2Lot Size5,514 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningRMCountySANTA CLARAAPN472-29-060Fireplace TypeHas Fireplace

Schools near 556 South 11th 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
Horace Mann Elementary School
PublicK to 5

Muwekma Ohlone Middle
Public6 to 8

San Jose 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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556 South 11th Street is a multi-family home for sale in San Jose, CA 95112. This property was listed for sale on April 22, 2024 by Marcus & Millichap, it's currently listed at $2,250,000. It has been on the market for a total of 11 days and was last sold on May 25, 2017. This listing's school district is San Jose Unified School District. Nearby schools include Horace Mann Elementary School, Muwekma Ohlone Middle and San Jose High School. 556 South 11th Street is a 0-bed, 0-bath, 3,780 sqft multi-family home built in 1959.

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, Eymon Binesh, DRE #02060059

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.