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
October 23, 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
San Jose Unified
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
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Maria Afzal | CA DRE# 02026802 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Maria Afzal | CA DRE# 02026802 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.
©2024 MLS Listing, Inc. All rights reserved. 2024
Data last updated 4:59 PM UTC, 10/23/2024