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Emil Soleyman

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

Listed by Ray Rodriguez • Compass, DRE#01999734

$2,995,000

Est. payment - /mo

1 Bed

2 Baths

5,561 SqFt

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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 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

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

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch

Building

Foundation Other

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 472-24-018

Security Features Other

Special Listing Condition Not Applicable

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659 S 9th ST San Jose, CA 95112