Bought with Jimmy Castellanos • Marcus & Millichap
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $7,600,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 25,855 sqft
Price per Sqft $293
MLS Listing ID ML82016658
Sold Date 12/03/25
HOA Y/N No
Year Built 1964
Lot Size 0.580 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
6.14% cap rate // 9.81 GRM based on current rents. 100% 2x2 floor plans. Marcus & Millichap is excited to present Kennedy Hall, a rare opportunity to acquire a well-located, multifamily asset just steps from San Jose State University. The property features 28 spacious two-bedroom, two-bath units totaling approximately 25,855 square feet of rentable space on a 0.58-acre lot. Built in 1964, Kennedy Hall offers a highly functional layout ideally suited for student housing or working professional roommates, with each unit having an ideal two-bedroom layout with maximum privacy. This optimal rental configuration, combined with the propertys close proximity to campus and an assumable Chase Bank loan fixed at 4.51% through August 2029, makes Kennedy Hall a prime choice for investors seeking strong cash flow and long-term demand.
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Fireplace No
Laundry Coin Operated
Read Less Info
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
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
GET MORE INFORMATION