45 22nd ST, San Jose, CA 95116
- $1,750,000
- 3,122
- SqFt
- List Price
- $1,750,000
- MLS#
- ML82055127
- Status
- ACTIVE
- Zoning
- RM
- Sqft. of Residence
- 3,122
- Listing Area
- Central San Jose
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
- Age
- 36
- Amenities
- High Ceiling, Walk-in Closet
- Cooling System
- Central AC, Central Forced Air - Gas
- Floor Covering
- Other
- Foundation
- Concrete Perimeter, Crawl Space
- Garage Parking
- Common Parking Area
- Heating System
- Central Forced Air
- Laundry Facilities
- Washer / Dryer
- Living Area
- 3,122
- County
- Santa Clara
- Neighborhood
- Central San Jose
- Other Rooms
- Loft
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Shingle
- Sewer
- Sewer - Public
- Special Features
- Parking
- Total Number Of Units
- 4
- Unincorporated Yn
- Yes
- Zoning
- RM
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Listing courtesy of Cassandra Smillie Wyckoff from Marcus & Millichap. 650-224-7190
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