97 S 6th St
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97 S 6th St
7 Unit Apartment Building $2,000,000 ($285,714/Unit) 5.38% Cap Rate San Jose, CA 95112
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. 97 S. 6th Street is a charming Colonial Style building features (7) Studios and (1) 1+1 units. 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 55 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.
Property Facts
Price | $2,000,000 | Apartment Style | Low Rise |
Price Per Unit | $285,714 | Building Class | C |
Sale Type | Investment | Lot Size | 0.14 AC |
Cap Rate | 5.38% | Building Size | 6,236 SF |
Gross Rent Multiplier | 12.5 | No. Stories | 2 |
No. Units | 7 | Year Built | 1898 |
Property Type | Multifamily | Parking Ratio | 0.32/1,000 SF |
Property Subtype | Apartment | Opportunity Zone |
Yes
|
Price | $2,000,000 |
Price Per Unit | $285,714 |
Sale Type | Investment |
Cap Rate | 5.38% |
Gross Rent Multiplier | 12.5 |
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.14 AC |
Building Size | 6,236 SF |
No. Stories | 2 |
Year Built | 1898 |
Parking Ratio | 0.32/1,000 SF |
Opportunity Zone |
Yes |
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Biker's Paradise (94)
PROPERTY TAXES
Parcel Number | 467-24-006 | Improvements Assessment | $192,440 |
Land Assessment | $121,850 | Total Assessment | $314,290 |
PROPERTY TAXES
Parcel Number
467-24-006
Land Assessment
$121,850
Improvements Assessment
$192,440
Total Assessment
$314,290
zoning
Zoning Code | RM |
RM |
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97 S 6th St
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