380 13th Street

Situated in Downtown San Jose, 380 N 13th St, and in the Heart of Silicon Valley this multifamily asset is a great opportunity for investors looking for a solid asset with a strong return. The property features (8) 1 bed single room occupancy (SRO) house with 4 shareable bathrooms and 1 full kitchen and (1) 2 Bed 2 Bath newly constructed ADU. Located one mile away from San Jose State University this property has access to a strong rental market; and proximity to Japan Town which offers local entertainment, shopping, and a variety of restaurants. The main building provides its tenants with an on-site washer and dryer a fully stocked kitchen and a furnished living room for their convenience. The tenants are responsible for paying the gas and electric bills, as well as water. The roof is low pitch with asphalt shingle, while the foundation is a concrete perimeter with a basement. The current management company covers the liability insurance, sewer, and garbage fees. The ADU consists of 2 stories, with an open-concept kitchen and dining area with a big living space. Newly constructed in 2023, this unit has 2 bedroom and 1.5 bathrooms, stainless steel appliances and a designated parking garage.