San Jose, CA 95112,544550 S 6th ST
San Jose, CA 95112,544550 S 6th ST
San Jose, CA 95112,544550 S 6th ST
San Jose, CA 95112,544550 S 6th ST
San Jose, CA 95112,544550 S 6th ST
San Jose, CA 95112,544550 S 6th ST
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$4,300,000

$4,250,000

1.2%
Est.Price: ?

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Est. payment /mo

0.27 Acres Lot


SOLD DATE : 06/28/2024

Key Details

Sold Price $4,300,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81962458

Sold Date 06/28/24

HOA Y/N No

Year Built 1969

Annual Tax Amount $53,975

Lot Size 0.272 Acres

Property Description

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.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM

Interior

Cooling None

Fireplace No

Exterior

Carport Spaces 6

Roof Type Composition

Total Parking Spaces 15

Schools

School District San Jose Unified

Others

Tax ID 47228042

Financing Other

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eymon Binesh • Marcus & Millichap
Bought with Erfan Modir • Intero Real Estate Services
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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