$3,025,000
FOR SALEActive649 S 9th Street
San Jose CA 95112
6,364
SF
Commercial
Type
1959
Built
$475/SF
Cost/SF
Listing Agent
Tony Zizzo
DRE #: 01962093
Brokerage: Compass
Location Analysis
About This Property
One of the Best True Cap Rates you will find in downtown San Jose... Property can be sold together with Neighboring 14 unit building - Due Diligence and Marketing package are both available upon request. 649 S 9th Street is a fully occupied 12-unit building in Downtown San Jose, about two blocks from San Jose State University, with eleven 1BR/1BA units, one 2BR/1BA unit and an assigned carport for every unit. Its offered at $3,025,000 ($252,083 per unit), with a 6.22% current cap rate that rises to 7.11% at market rents, and it can be bought on its own or with 659 S 9th Street as a 26-unit portfolio
Property Information
Property Overview
Commercial
Property Type
Active
Status
RM
Zoning
0.2259 acres
Lot Size
6,364 SF
Square Footage
$475.33/SF
Price per SF
$36,236
Annual Tax
1,959
Year Built
13
Parking Total
2.04
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# ML82066425
Listed:
Nalren refreshed:
Last updated
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Listed by: Compass
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.