392 N 12th Street, San Jose, CA 95112
List Price: $600K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 2,900 sq ft
Property Type: ResidentialIncome
Year Built: 1915
Lot Size: 5,796 sq ft
Annual Property Tax: $7,224
MLS Number: ML82054074
About This Property
Rare value-add multifamily opportunity in downtown San Jose's Julian-St. James neighborhood, less than one mile from San Jose State University. 392 N 12th St is a three-unit property spans two buildings totaling approximately 2,900 square feet on a 5,796 square foot lot (buyer to verify). The unit mix includes two 2 Bed/2 Bath units and one 2 Bed/2 Bath plus office, with ample uncovered parking on site. The property is delivered 100% vacant and in need of repairs, giving a new owner a clean slate to renovate and lease the entire asset at market rents without tenant relocation or phased renovation constraints. This structure allows a full-scope repositioning on the buyer's own timeline, with the complete upside captured at stabilization. Located within walking and transit distance of a strong student and young professional renter base, the property benefits from proximity to downtown employment, dining, entertainment, and the SAP Center, plus quick access to Highways 87, 101, and 280. With full vacancy, a flexible unit mix, on-site parking, and a prime downtown-adjacent location, this offering presents a clear value-add opportunity with upside upon lease-up.
Listing provided by: Ray Rodriguez DRE #01999734 (415) 345-3000 ray.rodriguez@compass.com, Compass
Source: CRMLS, MLS #: ML82054074
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.