Bought with Jimmy Castellanos • Marcus & Millichap
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315 E San Fernando ST San Jose, CA 95112
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Key Details
Sold Price $8,700,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 27,552 sqft
Price per Sqft $315
MLS Listing ID ML82002833
Sold Date 07/15/25
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1962
Lot Size 0.433 Acres
Property Sub-Type Five or More Units
Property Description
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.
Location
State CA
County Santa Clara
Area Central San Jose
Building/Complex Name El Dorado Apartments
Zoning C
Interior
Heating Central Forced Air - Gas
Cooling Window / Wall Unit
Exterior
Parking Features Underground Parking
Garage Spaces 30.0
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 467-24-109
Security Features Security Fence
Special Listing Condition Not Applicable
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