$1,350,000
$1,500,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
132 E Reed ST San Jose, CA 95112
6,028 Sqft Lot
Key Details
Sold Price $1,350,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML82038150
Sold Date 06/05/26
HOA Y/N No
Year Built 1955
Annual Tax Amount $16,896
Lot Size 6,028 Sqft
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 699 - Not Defined
Zoning C3
Interior
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 8
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 47227056
Financing Other
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with RECIP Out of Area Office
NEARBY SCHOOLS & BUSINESSES