392 N 12th St
San Jose, CA 95112
Immeuble residentiel Propriété À vendre · 3 Unités

392 N 12th St presents a compelling value-add multifamily investment opportunity in downtown San Jose’s Julian-St. James neighborhood, positioned less than one mile from San Jose State University and the heart of downtown. The property delivers a rare combination of full vacancy, repositioning upside, and an unmatched location within one of the South Bay’s most rental-driven submarkets.
The offering consists of a three-unit multifamily property composed of two separate buildings totaling approximately 2,900 square feet on a 5,796 square foot lot (buyer to verify). The unit mix consists of (2) 2 Bed / 2 Bath and (1) 2 Bed / 2 Bath + Office, providing flexibility across a range of tenant profiles. Ample uncovered parking is available on site, a meaningful amenity in a submarket where dedicated parking commands a rental premium.
The property is currently 100% vacant and in need of repairs, providing a new owner with a true blank canvas to reposition, renovate, and lease the entire asset at market rents from day one. This vacant-delivery structure eliminates the friction typically associated with tenant relocation, rent control constraints, and phased renovation timelines, allowing an investor to execute a full-scope value-add plan on their own schedule and capture the entirety of the upside upon stabilization.
The property sits within immediate walking, biking, and transit distance of a student and young professional renter base that consistently drives demand and supports premium rents in the submarket. Proximity to downtown’s employment centers, dining, entertainment, and the SAP Center, combined with quick access to Highways 87, 101, and 280, positions the property to attract a broad and durable tenant pool.
With its full vacancy, favorable unit mix, ample parking, and prime downtown-adjacent location, this offering represents a rare opportunity for investors seeking a true value-add execution with clear market-rate upside. Please reach out for additional details, pricing guidance, and to arrange a private tour.