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Listed by Eymon Binesh • Marcus & Millichap

$3,728,000

Est. payment - /mo

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1 Bed

2 Baths

10,706 SqFt

Contingent

59 S 5th ST San Jose, CA 95112

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 10,706 sqft

Price per Sqft $348

MLS Listing ID ML82002208

Style Colonial

Bedrooms 1

Full Baths 2

Year Built 1922

Lot Size 9,509 Sqft

Property Sub-Type Five or More Units

Property Description

Marcus & Millichap is pleased to present 59 S 5th Street, a charming 16-unit Colonial Revival apartment building located in the heart of Downtown San Jose, California. This rare opportunity offers investors the chance to own a character-rich asset in one of Silicon Valley's most desirable areas. The timeless architecture appeals to renters seeking charm and a sense of place, distinguishing it from more generic modern buildings. Ideally situated across from San Jose State University (37,500+ students, 4,300+ staff) and next to San Jose City Hall, the property enjoys strong rental demand and prime walkability. With a low price of $233,000 per unit, strong in-place cash flow, and attractive bank financing options, 59 S 5th Street is a compelling investment in a high-growth market. Opportunities like this in Downtown San Jose are rare -- don't miss out.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning R4

Rooms

Kitchen Cooktop - Gas, Oven Range

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Off-Site Parking, Off-Street Parking, Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Rolled Composition

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Public

Others

Restrictions None

Tax ID 467-23-023

Security Features Security Gate with Guard

Special Listing Condition Not Applicable

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321