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Listed by Jim Meech, DRE #01145137 • James Meech, Broker
$ 1,500,000
Est. payment /mo
Price Dropped by $100K
132 E Reed ST San Jose, CA 95112
4 Beds
4 Baths
3,940 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,940 sqft
Price per Sqft $380
MLS Listing ID ML82038150
Bedrooms 4
Full Baths 4
Year Built 1955
Lot Size 6,027 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
Rare 8-Unit Investment Opportunity in Downtown San Jose Strategically located in the heart of the Sun Neighborhood, 132 E Reed St is a premier "bread and butter" 8-unit multi-family complex (all 1BR/1BA units). This property offers a stable income stream with immense upside potential.Key Highlights: Value-Add Opportunity: Current rents are below market, providing a clear path to increased NOI. Low Maintenance: Features durable construction, double-pane windows, and a ±3,940 SF building footprint. Bonus Revenue: On-site laundry facilities are currently unused, offering immediate potential for additional income. Prime Location: Highly walkable neighborhood blocks away from SJSU, the SoFA District, and William Street Park a rare and valuable asset in Downtown San Jose. Perfect for a 1031 exchange or a long-term hold in Silicon Valleys high-demand rental market. Full financial package available.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning C3
Interior
Heating Gas
Cooling None
Exterior
Parking Features Off-Site Parking
Garage Spaces 8.0
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Public
Others
Tax ID 472-27-056
Special Listing Condition Not Applicable
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