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$ 3,728,000
Est. payment | /mo
9,509 Sqft Lot
$ 3,728,000
Est. payment | /mo
9,509 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML82002208
HOA Y/N No
Year Built 1922
Annual Tax Amount $53,404
Lot Size 9,509 Sqft
Property Description
Marcus & Millichap is pleased to present 59 S 5th Street, a charming 16-unit Colonial Revival apartment building located in the heart of Downtown San Jose, California. This rare opportunity offers investors the chance to own a character-rich asset in one of Silicon Valley's most desirable areas. The timeless architecture appeals to renters seeking charm and a sense of place, distinguishing it from more generic modern buildings. Ideally situated across from San Jose State University (37,500+ students, 4,300+ staff) and next to San Jose City Hall, the property enjoys strong rental demand and prime walkability. With a low price of $233,000 per unit, strong in-place cash flow, and attractive bank financing options, 59 S 5th Street is a compelling investment in a high-growth market. Opportunities like this in Downtown San Jose are rare -- don't miss out.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Total Parking Spaces 15
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46723023
Security Features Gated with Guard
Special Listing Condition Standard
Listed by Eymon Binesh • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "