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$1,300,000
Est. payment /mo
1,680 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,680 sqft
Price per Sqft $773
MLS Listing ID ML82046911
HOA Y/N No
Year Built 1954
Annual Tax Amount $15,703
Lot Size 5,758 Sqft
Property Sub-Type Quadruplex
Property Description
Marcus & Millichap is pleased to present the investment opportunity located at 1073 N 5th Street in San Jose, California. Long-term renter appeal for this asset is anchored by proximity to major employers, key transportation corridors, and numerous lifestyle amenities. The attractive, four-unit apartment complex is situated on a parcel of land totaling 0.13 acres and features a gross building area of approximately 1,680 square feet. Built in 1954, the property benefits from a world-class location near Downtown San Jose in the renown Silicon Valley region. Residents enjoy direct access to many of the nations top tech employers, including Apple, Google, Tesla, Facebook, IBM, Intel, Yahoo, Cisco Systems, Adobe Systems, and LinkedIn. Likewise, the multifamily building sits near Santa Clara University, ranked 56th among undergraduate nationwide, and San Jose State University, ranked third among public universities nationwide. Additionally, the property is just a few blocks from multiple travel corridors, including Highways 87, 880, and 101. Overall, the property presents an attractive choice for multifamily investors thanks to its premier location combined with San Joses strong employment fundamentals and low vacancy levels.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Flooring Carpet, Laminate, Tile
Fireplace No
Exterior
Parking Features Carport
Carport Spaces 5
View Y/N No
Roof Type Composition
Accessibility Other
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
School District San Jose Unified
Others
Tax ID 23509008
Special Listing Condition Standard
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Listed by Michael Henshaw Marcus & Millichap #01134592
Nearby School & Business
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