REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Emil Soleyman

emil@emilrealestate.com +1(209) 500-8589

Listed by Ray Rodriguez • Compass, DRE#01999734

$3,025,000

Est. payment - /mo

1 Bed

1 Bath

6,364 SqFt

Save

Open House

Fri Nov 06, 3:30pm - 5:00pm

Mon Nov 09, 3:00pm - 4:30pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,364 sqft

Price per Sqft $475

MLS Listing ID ML82066425

Bedrooms 1

Full Baths 1

Year Built 1959

Lot Size 9,842 Sqft

Property Sub-Type Five or More Units

Property Description

One of the Best True Cap Rates you will find in downtown San Jose... Property can be sold together with Neighboring 14 unit building - Due Diligence and Marketing package are both available upon request. 649 S 9th Street is a fully occupied 12-unit building in Downtown San Jose, about two blocks from San Jose State University, with eleven 1BR/1BA units, one 2BR/1BA unit and an assigned carport for every unit. Its offered at $3,025,000 ($252,083 per unit), with a 6.22% current cap rate that rises to 7.11% at market rents, and it can be bought on its own or with 659 S 9th Street as a 26-unit portfolio

Location

State CA

County Santa Clara

Area Central San Jose

Building/Complex Name The Gardens

Zoning RM

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Exterior

Parking Features Assigned Spaces

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Flat / Low Pitch,Foam

Building

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 472-24-104

Security Features Other

Special Listing Condition Not Applicable

Read Less Info

649 S 9th ST San Jose, CA 95112