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Listed by Ray Rodriguez, DRE #01999734 • Compass
$ 2,995,000
Est. payment /mo
New
659 S 9th ST San Jose, CA 95112
1 Bed
2 Baths
5,561 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,561 sqft
Price per Sqft $538
MLS Listing ID ML82066436
Bedrooms 1
Full Baths 2
Year Built 1957
Lot Size 6,900 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
**MArketing Package and Due Diligence Available upon Request** Property Can be sold together with Neighboring 12 unit Building. 659 S 9th Street is a fully occupied 14-unit building in Downtown San Jose, about two blocks from San Jose State University, with twelve studios, two 1BR/1BA units and an assigned tuck-under parking space for every unit. Its offered at $2,995,000 ($213,929 per unit), with a 6.48% current cap rate that rises to 7.14% at market rents, and it can be bought on its own or with 649 S 9th Street as a 26-unit portfolio.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Exterior
Parking Features Assigned Spaces
Garage Spaces 2.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Flat / Low Pitch
Building
Foundation Other
Sewer Sewer - Public
Water Public
Others
Tax ID 472-24-018
Special Listing Condition Not Applicable
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