Marcus & Millichap is pleased to present 162 E San Salvador Street, a 5-unit multifamily investment directly across from San Jose State University. This prime location ensures exceptional rental demand driven by the university's nearly 37,000 students and vibrant surrounding neighborhood. Built in 1935, this property offers a diverse unit mix - one 2-bed/1.5-bath, one 1-bed/1-bath, and three spacious studios - providing steady, diversified income. Priced to sell at an attractive 7.90% CAP rate and 8.6 GRM, the asset delivers strong in-place cash flow with significant long-term appreciation potential. High-demand properties at this price point across from San Jose State are rare - this opportunity will not last.
Sold for $1,325,000
$1,325,000
E San Salvador St, San Jose, CA 95112
3beds
5baths
2,760sqft
Five Or More Units, Residential Income
Built in 1935
-- sqft lot
$1,296,900 Zestimate®
$480/sqft
$3,425 Estimated rent
Home value
$1,296,900
$1.19M - $1.41M
$3,425/mo
Zestimate® history
Owner options
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$3,425/mo
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$3,425/mo
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$8,483/mo
Est. payment
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$8,483/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Eymon Binesh 02060059 650-546-1030,
Marcus & Millichap 650-391-1700
Bought with:
Eymon Binesh, 02060059
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML82018284
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
Kitchen
- Features: Countertop_Formica, Countertop_Granite
Heating
- Gas
Cooling
- None
Appliances
- Laundry: None
Features
- Flooring: Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 2,760
- Total interior livable area: 2,760 sqft
Property
Parking
- Parking features: On Street
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 2,613 Square Feet
Details
- Parcel number: 46747064
- Zoning: CG
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Bitumen
Condition
- Year built: 1935
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: San Jose
Financial & listing details
- Price per square foot: $480/sqft
- Date on market: 8/15/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 9/18/2025 | Sold | $1,325,000+10.4%$480/sqft |
Source:  MLSListings Inc #ML82018284 Report a problem | ||
| 8/29/2025 | Pending sale | $1,200,000$435/sqft |
Source: MLSListings Inc #ML82018284 Report a problem | ||
| 8/15/2025 | Listed for sale | $1,200,000$435/sqft |
Source: MLSListings Inc #ML82018284 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Downtown
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Nearby schools
GreatSchools rating
- 1/10Grant Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Muwekma Ohlone MiddleGrades: 6-8Distance: 0.9 mi
- 5/10San Jose High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: SanJoseUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,296,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,296,900
- California
- Santa Clara County
- San Jose
- 95112
- Downtown
- E San Salvador St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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