45 22nd Street, San Jose, CA 95116
- $1,750,000
- 3,122
- SqFt
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- ML82055127
- Year Built
- 1990
- Living Sq. Ft
- 3,122
- Lot Size
- 7,797
- Acres
- 0.18
- Days on Market
- 5
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property Description
Marcus & Millichap is proud to present 45 S. 22nd Street, a newly 1990 built residential multifamily complex in downtown San Jose, CA. This turnkey Silicon Valley fourplex delivers a 6%+ pro-forma cap rate with exemption from the local Rent Ordinance of 5% maximum increase. A proven floor plan comprises four spacious 1-bedroom, 1-bathroom units (averaging ~780 sq. ft.) featuring an identical, highly functional layouttwo units on the ground floor and two on the upper level boasting with natural light. Premium turnkey interiors fully remodeled within the last 9 years, units boast durable tile flooring, new window's in half the units, sleek granite kitchen countertops, and a complete appliance package including a stove, refrigerator, and dishwasher. In-demand tenant amenities, each unit designed for independent living with its own dedicated water heater, private laundry hook-ups, soaring high ceilings, and abundant natural light. The outdoor living offers an enjoyable premium double-patio layout (one large, one secondary), well-manicured common areas, and dedicated on site parking located safely in the rear.
Additional Information
- Taxes
- $22,744
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Disposal, Range Hood
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air, Gas
- Roof
- Shingle
- Sewer
- Public Sewer
- Water
- Public
- School District
- San Jose Unified
- Elementary School
- Other
- High School
- San Jose Academy
- Interior Features
- Loft
- Attached Structure
- Detached
- Gross Scheduled Income
- $116,400
Listing courtesy of Listing Agent: Cassandra Smillie Wyckoff (cassandra.smillie@gmail.com) from Listing Office: Marcus & Millichap.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.