55-75 S 6th St | San Jose, CA 95112
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55-75 S 6th St
San Jose, CA 95112
Westwood Properties · Multifamily Property For Sale · 47 Units
Executive Summary
First time to the market in decades, the Westwood Portfolio represents an investor the rare opportunity to acquire well maintained assets with strong financial performance directly next to San Jose State University. Six of the properties are situated on one city block, with five of the parcels sharing a property line. 55 S. 6th Street is a gorgeous Spanish Revival style 46 unit asset. The property features (19) oversized studios, (1) 1+1 bath cottage, (25) large 1+1 apartments and (1) 3+2 unit and a leasing office. This parcel could be combined with the other two contiguous parcels on S. 6th to form assemblage of nearly an acre which may have development potential. The Westwood Portfolio's exceptional Downtown San Jose location provides tenants immediate access to a wide variety of employment options, higher education institutions, and multitude of amenities and recreation options. Investors should benefit from solid fundamentals for years to come. Can be purchased individually or in combination with 97 S. 6th St., 85 S. 6th St., 231 E. San Fernando St., 59 S. 5th St., 92 S. 5th St., 84 S. 5th St. Call or write listing agents for link to due diligence information and OM. Do not disturb tenants.
PROPERTY FACTS
| Price Per Unit | $265,957 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.72 AC |
| Cap Rate | 5.20% | Building Size | 40,000 SF |
| Gross Rent Multiplier | 12.44 | No. Stories | 3 |
| No. Units | 47 | Year Built | 1929 |
| Property Type | Multifamily | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price Per Unit | $265,957 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 12.44 |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 40,000 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 1.21/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Cable Ready
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Courtyard
- Property Manager on Site
- Package Service
- Vintage Building
- Maintenance on site
PROPERTY TAXES
| Parcel Number | 467-24-116 | Improvements Assessment | $1,275,455 |
| Land Assessment | $359,521 | Total Assessment | $1,634,976 |
PROPERTY TAXES
Parcel Number
467-24-116
Land Assessment
$359,521
Improvements Assessment
$1,275,455
Total Assessment
$1,634,976
zoning
| Zoning Code | R4 |
| R4 |
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