616 South 8th | San Jose
San Jose, CA 95112
Sq. Feet 9,147
Marcus and Millichap is proud to present 630 South 8th Street to the Bay Area’s investment community.
The subject property is of true pride-of-ownership quality and has a unique unit mix consisting of two Studios, one One- Bedroom/One-Bathroom fully renovated unit, one One-Bedroom/Two-Bathroom unit and one separate, detached Bungalow Cottage style unit with it's own private yard. The property contains approximately 2,880 square feet of living space situated on a 0.2 acre parcel of land and also benefits from a separate enclosed two car garage and on-site laundry.
630 South 8th Street is said to have been designed by the famous architect, Frank Lloyd Wright. The full sized windows, twin peers and square roof are all trademarks of the renowned architect. Original flooring has been preserved to sustain a historical look and feel to the interior. The subject property benefits from a prime Downtown San Jose location within walking distance to San Jose State University as well as many shopping and dining options. Highways 280, 101, 880 and 87 are also within close proximity, providing easy access to all major bay area destinations.
The investment appeal of this asset is driven by San Jose's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 630 South 8th Street present an attractive choice for Peninsula renters due to the close proximity to major employers, transportation corridors, shopping, dining and entertainment.
Cap Rate: 4.88% NOI: $78,013 Livable Sq. Ft: 2,880
Built in 1922/2015 Renovation 5 units Lot Sq. Ft: 0.43 Acres