CA > San Jose
San Jose, CA 95112,445 N 1st ST
San Jose, CA 95112,445 N 1st ST
San Jose, CA 95112,445 N 1st ST
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Listed by Mitchell Zurich • Marcus & Millichap
$2,090,000
Est. payment /mo
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2 Beds
1 Bath
6,704 SqFt
New

445 N 1st ST San Jose, CA 95112

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The Ruiz Group Real Estate

The Ruiz Group Real Estate

+1(831) 877-2057

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Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,704 sqft

Price per Sqft $311

MLS Listing ID ML82014596

Bedrooms 2

Full Baths 1

Year Built 1924

Lot Size 8,400 Sqft

Property Sub-Type Five or More Units

Property Description

Eight unit apartment complex exceptionally well priced at $261,250 per unit with a current cap rate of 5.37% and compelling pro forma cap rate of 9.96%. Each unit includes dedicated parking, and the property benefits from efficient operations and strong in-place cash flow. Located in the heart of Silicon Valley, the property sits within minutes of Downtown San Jose, the SAP Center, San Jose State University, Santa Clara University, and the San Jose International Airport. Marketing Package available upon request.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning C

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Covered Parking, Detached Garage

Garage Spaces 3.0

Utilities Available Individual Electric Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Water On Site

Others

Restrictions None

Tax ID 259-20-043

Security Features None

Special Listing Condition Not Applicable

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