544550 6th Street, San Jose

$4,250,000

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0 Bed
0 Bath
.27 Acre
0 Garage

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.

Essential Information

MLS® #
ML81962458
Price
$4,250,000
Bathrooms
0.00
Acres
0.27
Year Built
1969
Type
Commercial Sale
Status
Active

Community Information

Address
544550 6th Street
Area
699 - Not Defined
City
San Jose
County
Santa Clara
Zip Code
95112
Senior Community
N

Amenities

Parking Spaces
15

Interior

Cooling
None

Exterior

Roof
Composition

School Information

District
San Jose Unified

Additional Information

Date Listed
April 22nd, 2024
Days on Market
12
Zoning
RM

Listing Details

Agent
Eymon Binesh
Office
Marcus & Millichap

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Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 12:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.