59 S 5th ST new Save Request In-Person Tour Request Virtual Tour
San Jose,CA 95112
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,706 sqft
Price per Sqft $348
MLS Listing ID ML82002208
Style Colonial
Bedrooms 1
Full Baths 2
Year Built 1922
Lot Size 9,509 Sqft
Property Sub-Type Five or More Units
Property Description
Marcus & Millichap is please 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
Area Central San Jose
Zoning R4
Rooms
Kitchen Cooktop - Gas,Oven Range
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Off-Site Parking,Off-Street Parking,Uncovered Parking
Utilities Available Individual Electric Meters,Individual Gas Meters
Roof Type Rolled Composition
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Public
Others
Restrictions None
Tax ID 467-23-023
Security Features Security Gate with Guard
Special Listing Condition Not Applicable