San Jose, CA 95112,544-550 S 6th ST
San Jose, CA 95112,544-550 S 6th ST
San Jose, CA 95112,544-550 S 6th ST
San Jose, CA 95112,544-550 S 6th ST
San Jose, CA 95112,544-550 S 6th ST
San Jose, CA 95112,544-550 S 6th ST
See all 7 photos

$4,300,000

$4,250,000

1.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2 Beds

1 Bath

7,970 SqFt


SOLD DATE : 06/28/2024

Key Details

Sold Price $4,300,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 7,970 sqft

Price per Sqft $539

MLS Listing ID ML81962458

Sold Date 06/28/24

Bedrooms 2

Full Baths 1

Year Built 1969

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 Central San Jose

Zoning RM

Interior

Heating Gas

Cooling None

Laundry Washer / Dryer

Exterior

Garage Assigned Spaces, Covered Parking, Off-Street Parking

Community Features Additional Storage, Common Utility Room

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Water On Site

Others

Restrictions None

Tax ID 472-28-042

Security Features None

Special Listing Condition Not Applicable

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MLSListings Inc. (MLSListings)
Listed by Eymon Binesh • Marcus & Millichap
Bought with Erfan Modir • Intero Real Estate Services
agent-avatar

+1(415) 902-6945

richard.e.siaw@gmail.com

1205 Auto Park Way, Escondido, CA, 92029

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