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Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Ray Rodriguez, DRE #01999734 • Compass

$600,000

Est. payment - /mo

6 Beds

6 Baths

2,900 SqFt

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Open House

Wed Jul 15, 4:00pm - 5:30pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,900 sqft

Price per Sqft $206

MLS Listing ID ML82054074

Bedrooms 6

Full Baths 6

Year Built 1915

Lot Size 5,796 Sqft

Property Sub-Type Triplex

Source MLSListings, Inc.

Property Description

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.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning R2

Interior

Heating Other

Cooling Other

Flooring Laminate

Exterior

Parking Features Uncovered Parking

Garage Spaces 3.0

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch,Shingle

Building

Foundation Crawl Space, Raised

Sewer Sewer - Private

Water Private / Mutual

Others

Tax ID 249-54-072

Special Listing Condition Not Applicable

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392 N 12th ST San Jose, CA 95112