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
29,776
Building Sq Ft
21,469 sqft
Lot Size
1961
Year Built
RM
Zoning
Commercial property
Type
About this commercial property
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
$5,500,000
Sold February 2023 · listed $7,500,000, on market September 2022 · MLS #ML81907801 · Source: CRMLS
Listing Agent: Justin Bautista · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: Justin Bautista · Newmark Cornish & Carey