Bought with Mitchell Zurich • Marcus & Millichap
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445 N 1st ST San Jose, CA 95112
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Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 6,704 sqft
Price per Sqft $290
MLS Listing ID ML82014596
Bedrooms 2
Full Baths 1
Year Built 1924
Lot Size 8,400 Sqft
Property Sub-Type Five or More Units
Property Description
Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley, the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning C
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Covered Parking, Detached Garage
Garage Spaces 3.0
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer Connected
Water Water On Site
Others
Special Listing Condition Not Applicable
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