392 N 12th ST, San Jose, CA 95112
- $840,000
- 6
- BD
- 2,900
- SqFt
Listed by Ray Rodriguez, 650-405-0743 from Compass
(If provided) CoList: Tony Zizzo from Compass
Sold listing courtesy of Ray Rodriguez from PACU
- Sold Price
- $840,000
- List Price
- $600,000
- Closing Date
- Jul 16, 2026
- MLS#
- ML82054074
- Status
- SOLD
- Zoning
- R2
- Sqft. of Residence
- 2,900
- Lot Size
- 5,796
- Listing Area
- Central San Jose
Property Description
Rare value-add multifamily opportunity in downtown San Jose's Julian-St. James neighborhood, less than one mile from San Jose State University. 392 N 12th St is a three-unit property spans two buildings totaling approximately 2,900 square feet on a 5,796 square foot lot (buyer to verify). The unit mix includes two 2 Bed/2 Bath units and one 2 Bed/2 Bath plus office, with ample uncovered parking on site. The property is delivered 100% vacant and in need of repairs, giving a new owner a clean slate to renovate and lease the entire asset at market rents without tenant relocation or phased renovation constraints. This structure allows a full-scope repositioning on the buyer's own timeline, with the complete upside captured at stabilization. Located within walking and transit distance of a strong student and young professional renter base, the property benefits from proximity to downtown employment, dining, entertainment, and the SAP Center, plus quick access to Highways 87, 101, and 280. With full vacancy, a flexible unit mix, on-site parking, and a prime downtown-adjacent location, this offering presents a clear value-add opportunity with upside upon lease-up.
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Additional Information
- Cooling System
- Other
- Floor Covering
- Laminate
- Foundation
- Crawl Space, Raised
- Garage Parking
- Uncovered Parking
- Heating System
- Other
- Living Area
- 2,900
- Lot Size
- 5,796
- Neighborhood
- Central San Jose
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Flat / Low Pitch, Shingle
- Sewer
- Sewer - Private
- Unincorporated Yn
- Yes
- Zoning
- R2
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