315 N 5th Street,San Jose, CA 95112
San Jose, CA 95112
Description
Downtown San Jose multifamily property presents a value-add opportunity for investors experienced in property renovation and lease-up strategies. The property consists of 5 units, including one 1br/1ba unit and four studios. One of the vacant studio units is rentable in its current condition with limited repairs, while the other two vacant studios require renovation prior to occupancy. While various improvements have been made over the years, the building would be more valuable and command higher rents if the units were renovated and additional capital improvements are made. The building is master-metered for water, sewer, gas, and electricity, all of which are currently paid by the owner. Plumbing consists primarily of galvanized piping. The building includes a large unfinished attic area that may offer development opportunities. The property also contains a substantial basement area with multiple storage rooms. Property includes an on-site washer and dryer for tenant use. Rear parking area accommodates approximately six vehicles. The property is located within Downtown San Jose and provides convenient access to major employment centers, public transportation, retail services, restaurants, entertainment venues, and ongoing redevelopment activity throughout the urban core.
Details
| MLS # | ML82052616 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1898 |
| Days On Site | 59 |
| Listing Provided By | SiliconValley MultiFamilyGroup | Michael Shields |
Features
| SQ Feet | 1,332 |
|---|---|
| Units | 5 |
| Building(s) | 1 |
| Zoning | R4 |
| Acreage | 0.16 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|
Taxes
| Property | 20346 |
|---|
Area Information
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95112 |
| Area | 699 Not Defined |
| Listing VS Median (in 95112) | |
Price: $1,150,000 low | high Med: $1,900,000 sqft: 1,332 low | high Med: 4,308 $ / sqft: $863 low | high Med: $441 On site: 59 low | high Med: 77 | |
Market Activity 95112
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Clara |
| City | San Jose |
| Zip Code | 95112 |
| Area | 699 Not Defined |
| Listing VS Median (in 95112) | |
Price: $1,150,000 low | high Med: $1,900,000 sqft: 1,332 low | high Med: 4,308 $ / sqft: $863 low | high Med: $441 On site: 59 low | high Med: 77 | |