680 South 8th Street

San Jose, CA 95112

$8,350,000
Last Sold Price
Beds
19,200 Sq. Ft.
$435 / Sq. Ft.
19,200
Sq. Ft.
$435
per Sq. Ft.

Description

680 S 8th St is a stunning 27-unit apartment community located in the thriving city of San Jose, California. Situated on a 19,044 square feet parcel of land, the subject property was originally constructed in 1959 and has a gross building area of approximately 19,200 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans.  680 S 8th St has recently undergone significant exterior and interior renovations. 16 of the 27 total units have been extensively renovated...680 S 8th St is a stunning 27-unit apartment community located in the thriving city of San Jose, California. Situated on a 19,044 square feet parcel of land, the subject property was originally constructed in 1959 and has a gross building area of approximately 19,200 square feet, offering its tenants beautifully designed one-bedroom and two-bedroom floor plans.  680 S 8th St has recently undergone significant exterior and interior renovations. 16 of the 27 total units have been extensively renovated with updated kitchens, updated cabinetry, granite countertops, dual pane windows, updated fixtures, vinyl plank flooring and ceiling fans in bedrooms. This provides investors the opportunity to achieve significant rental premiums through interior renovations and additions on the remaining 11 units. Residents at 680 S 8th St also enjoy many convenient amenities including on-site laundry facilities, covered parking, community courtyard, BBQ picnic area, bocce ball court and bike storage.
  1. Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1744
  2. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 680 South 8th Street

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

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Eymon Binesh, DRE #02060059

Sold By Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Eymon Binesh, DRE #02060059

Add your commute
LISTING UPDATED: 11/12/2021 03:05 PM

Property Details for 680 South 8th Street

StatusSold
MLS #ML81849457
Days on Compass62
Taxes$110,168 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1959
Lot Size0.44 AC / 19,044 SF
CountySanta Clara County

Location

Listing Courtesy of Marcus & Millichap, Robert Johnston, DRE #01853816; Marcus & Millichap, Eymon Binesh, DRE #02060059

Sold By Marcus & Millichap, Adam S. Levin, DRE #01462752; Marcus & Millichap, Eymon Binesh, DRE #02060059

Add your commute

Building Information for 680 South 8th Street

Stories-Residences-Year Built1959Building Size-Lot Size0.44 AC / 19,044 SF

Payment Calculator

$54,750 per month

30 year fixed, 7.25% Interest

Principal and Interest

$45,569

Property Taxes

$9,181

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 680 South 8th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 19200
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 27
Garage
  • Garage and Parking: Assigned Spaces, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 27
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 680
  • Street Name: 8th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 19200
  • Structure SqFt Source: Assessor
  • Age: 62
Development Information
  • Zoning Detail: RM
Location Information
  • Parcel Number: 472-24-105
  • 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: Concrete Slab
  • Lot Acres: .44
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 26
General Information
  • Annual Tax Amount: $110,168
  • Capitalization Rate: 4.45
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,100
  • Expense Landscape: $2,575
  • Expense Maintenance: $13,500
  • Expense Management: $56,309
  • Expense Trash: $7,979
  • Expenses Other: $4,676
  • Expenses Utility: $21,541
  • Expenses Total: $222,848
  • Operating Expenses Include: Contract Services, Insurance, Maintenance - Repair, Services - Gardener, Services - On-Site Manager, Services - Trash Removal, Utilities, Utilities - Electric, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 13.71
  • Income Annual Gross: $600,636
  • Income Annual Rental: $612,732
  • Income Gross Scheduled: $619,212
  • Income Other: $6,480
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2

Property History for 680 South 8th 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 680 South 8th Street

Taxable ValueLand$5,712,000Additions$2,790,975Total$8,502,975
Tax Record2023$110,302 ($9,192 / month)
Home Facts
Total Finished SqFt19,200 SqFtAbove Grade Finished SqFt19,200 SqFtStories3Lot Size19,044 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningRMCountySANTA CLARAAPN472-24-105Fireplace TypeHas Fireplace

Schools near 680 South 8th 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 - 9 to 12
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 School
Charter9 to 12

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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, Robert Johnston, DRE #01853816; 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.