Active MLS ML82055127

45 22nd ST

$1,750,000

45 22nd ST, San Jose, CA, 95116

3,122 sqft

Listing courtesy of Cassandra Smillie Wyckoff, Marcus & Millichap
Listing broker contact: 650-224-7190 · cassandra.smillie@gmail.com

Description

Marcus & Millichap is proud to present 45 S. 22nd Street, a newly 1990 built residential multifamily complex in downtown San Jose, CA. This turnkey Silicon Valley fourplex delivers a 6%+ pro-forma cap rate with exemption from the local Rent Ordinance of 5% maximum increase. A proven floor plan comprises four spacious 1-bedroom, 1-bathroom units (averaging ~780 sq. ft.) featuring an identical, highly functional layout two units on the ground floor and two on the upper level boasting with natural light. Premium turnkey interiors fully remodeled within the last 9 years, units boast durable tile flooring, new window's in half the units, sleek granite kitchen countertops, and a complete appliance package including a stove, refrigerator, and dishwasher. In-demand tenant amenities, each unit designed for independent living with its own dedicated water heater, private laundry hook-ups, soaring high ceilings, and abundant natural light. The outdoor living offers an enjoyable premium double-patio layout (one large, one secondary), well-manicured common areas, and dedicated on site parking located safely in the rear.

Listing details

MLS #: ML82055127
Status: Active
Property type: Fourplex
Living area: 3,122 sqft
Lot size: 7,797 sqft
Year built: 1990
Garage: 0
List price: $1,750,000
List date: 2026-07-22
Listing agent: Cassandra Smillie Wyckoff
Listing office: Marcus & Millichap

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