515 E William Street, San Jose, CA 95112
Commercial property
Sold April 2023
Listing Agent: Joel Hopman (DRE #01934574) · Listing Office: Newmark Cornish & Carey · Contact: (408) 727-9600 · Bought with: John Adams · Presidential Real Estate · MLS #ML81912637 · Source: CRMLS
About this commercial property
Located in the heart of Downtown San Jose, 515 E. William Street features a desirable unit mix of (4) 2+1s and (8) 1+1s all of which have upgrades including quartz or granite countertops and shaker-style cabinetry in kitchens and baths. The well maintained property features double pane windows throughout, (2) washers and (2) dryers, and a basement with ample owners storage and (2) washers and (2) dryers. The property is convenient to transit and daily retail amenities, is walking distance to San Jose State University, and benefits from proximity to world-renown employers. Existing debt is assumable at historically attractive rate and remaining term (3.05% fixed for another +/- 3.5 years). Strong in-place financial performance: GIM of 12.26 and Current CAP Rate of 5.61%. This is part of a three-property portfolio and may be acquired individually or in combination with 143 N. 8th and 751 S. 3rd Streets, providing a Buyer with an optimal capital deployment strategy.
Listing description from the April 2023 sale, as reported to CRMLS.
Sale history