Investment Overview

Located at 555 South 10th Street, Kennedy Hall is a rare opportunity to acquire a well-located, multifamily asset just steps from San Jose State University. The property features 28 spacious two-bedroom, two-bath units totaling approximately 25,855 square feet of rentable space on a 0.58-acre lot. Built in 1964, Kennedy Hall offers a highly functional layout ideally suited for student housing or working professional roommates, with each unit having an ideal two-bedroom layout with maximum privacy. This optimal rental configuration, combined with the property’s close proximity to campus and an assumable Chase Bank loan fixed at 4.51 percent through August 2029, makes Kennedy Hall a prime choice for investors seeking strong cash flow and long-term demand. The property provides both covered carport and tuck-under parking, enhancing tenant convenience. Recent ownership has completed significant capital improvements, including double-pane windows, updated sub-panels throughout, a brand-new boiler, upgraded water heaters, and consistently well-maintained interiors. These upgrades not only reduce operational risk and maintenance expenses but also increase the property's overall desirability to a broad tenant base. With its solid construction and strong unit mix, Kennedy Hall is well-positioned to generate stable income while offering future upside potential. Kennedy Hall is located adjacent to the SUN neighborhood, a vibrant enclave known as a hub for San Jose State students and young professionals. The area offers a walkable urban lifestyle with access to local dining, retail, and transit options, while also being close to major employment centers and downtown San Jose. Whether targeting families, working professionals, or students, Kennedy Hall’s location and design provide unmatched rental flexibility in one of Silicon Valley’s most active rental submarkets. This is an ideal opportunity for investors to secure a turnkey asset with both immediate yield and long-term growth prospects, further enhanced by the ability to assume attractive in-place financing at 4.51 percent through August 2029.