101 Oak Street, San Jose, California 95110$1,050,000 (Sold At) $1,050,000
The R&Z Group of Compass Commercial is pleased to offer 101 Oak Street to the investment community. This triplex consists of a great unit mix of (1) 4 bedroom, 1 bathroom unit, and (2) 2 bedroom, 1 bathroom units.101 Oak Street is located one mile from Downtown San Jose and only one and a half miles from Cal Train’s Diridon Station where Google has proposed a master development plan spanning over 80 acres. This Project know as “Downtown West” development plan would include 3,000+ residential units, 5+ million square feet of office, 300+ hotel rooms and a 100,000 square foot event center. The property is also located less than a half mile from Highway 280, Highway 87, and Highway 101 entrances making access simple and convenient. San Jose State University is less than one mile from the property giving the opportunity to access a strong rental market.
101 Oak street is exempt from San Jose’s rent control ordinance, but does fall under California Senate Bill 1482 (Tenant Protection Act) which means there is more room for potential rent increases as opposed to San Jose’s more stringent law of 5%. California has a 5% plus CPI (Consumer price index) regulation leaving room for 7.5%+ increases annually. The Property is located across the street from Washington elementary and falls within the greater San Jose Unified School district.
Property Type Multi Family
Property Status: Closed
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101 Oak Street, San Jose, California 95110
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