Sold

544-550 S 6th ST

SAN JOSE CA, 95112

$4,300,000


$539.52 per sqft

Sold

7,970 sqft

Multi-family

Built in 1969

Listed by Marcus & Millichap, Eymon Binesh, Robert Johnston Listing Contact: 6505461030

First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten units, including new stainless steel appliances, LVT flooring, quartz countertops, LED lighting, and washer & dryers in Nine (9) units. The exterior has also gone through major upgrades including new stucco, wood siding, stacked stone, and all new dual pane windows throughout. There is an attractive $2,070,000 fixed assumable loan at 3.80% interest through June 2030, that re-adjusts to 5.00% interest through June 2040. The note calls for interest only payments through June 2040, allowing for maximum cash flow during the Sixteen (16) years remaining on the existing note. The loan must be assumed and subject to lender approval.

ML81962458

MLS ID

April 22, 2024

Listed

July 13, 2024

Updated

Map

544-550 S 6th ST
SAN JOSE CA, 95112

Interior Features

Appliances

Washer


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.27 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

482

Other Property Details

Area Name

Central San Jose


Garage

No


Parking

Off Street


Parking Total

15


View

No


County

Santa Clara


Pool

No


Zoning

RM

Listing History

Date

Event

Price

6/28/2024

Sold

$4,300,000

5/28/2024

Pending

5/8/2024

Under Contract

Listed by Marcus & Millichap, Eymon Binesh, Robert Johnston
Listing Contact: 6505461030 

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Data last updated 12:26 PM UTC, 7/13/2024

 

 

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