45 22nd Street, San Jose, CA 95116
List Price: $1.75M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 3,122 sq ft
Property Type: ResidentialIncome
Year Built: 1990
Lot Size: 7,797 sq ft
Annual Property Tax: $22,744
MLS Number: ML82055127
About This Property
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.
Listing provided by: Cassandra Smillie Wyckoff DRE #02208464 (650) 391-1700 cassandra.smillie@gmail.com, Marcus & Millichap
Source: CRMLS, MLS #: ML82055127
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.