51 S 19th Street, San Jose, CA 95116
Commercial property
Sold February 2023
Listing Agent: Justin Bautista (DRE #01268331) · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Justin Bautista · Newmark Cornish & Carey · MLS #ML81907801 · Source: CRMLS
How this sale compares
51 S 19th Street sold for $5,500,000 in February 2023, 27% under its $7,500,000 list price, after 23 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
Incredible opportunity in Downtown San Jose. Fantastic unit mix of (30) 2 bedroom / 1 bathroom townhouses. Spacious units - 993 SF each with private balconies. Individual hot water heaters. Strong in-place rents with upside potential. Only $252/SF. Current GRM of 8.98 and Current Cap Rate of 7.37%. Terrific 1031 exchange opportunity - sellers are willing to wait to.
Listing description from the February 2023 sale, as reported to CRMLS.
Sale history