21
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$3,728,000
Est. payment /mo
10,706 SqFt
Pending
59 S 5th Street San Jose, CA 95112
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 10,706 sqft
Price per Sqft $348
MLS Listing ID ML82002208
HOA Y/N No
Year Built 1922
Lot Size 9,509 Sqft
Acres 0.22
Property Sub-Type Other
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
Zoning R4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 46723023
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Listed by Eymon Binesh • Marcus & Millichap