CALL FOR OFFERS: Wednesday, May 14th at 1:00 PM. Marcus & Millichap is pleased to present El Dorado Apartments, a rare opportunity to acquire a high-quality multifamily asset across from San Jose State University. Located at 315 East San Fernando Street, this well-positioned property features 29 spacious two-bedroom, 1.5-bath units and one two-bedroom, one-bath unit. The building totals 30 units, offering approximately 27,552 square feet of living space on an 18,870-square-foot lot. Built in 1962, El Dorado Apartments is considered Type III construction and features a podium-style design, with a concrete target story providing enhanced fire resistance and structural integrity. This style of construction is more durable and costly to build, offering long-term value through concrete materials versus wood frame. With generous unit sizes, superior construction, and a desirable downtown location, the property delivers the ideal blend of convenience, durability, and strong rental demand.
Property Details
Price:
$10,000,000
MLS #:
ML82002833
Status:
Active
Baths:
0
Address:
315 E San Fernando Street
Type:
Commercial
Neighborhood:
699notdefined
City:
San Jose
Listed Date:
Apr 16, 2025
State:
CA
ZIP:
95112
Year Built:
1962
Schools
Interior
Cooling
Wall/ Window Unit(s)
Exterior
Parking Spots
30.00
Water Source
Public
Financial
Taxes
$128,883
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315 E San Fernando Street
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