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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
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
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
467-24-006
Land Assessment
$121,850
Improvements Assessment
$192,440
Total Assessment
$314,290

zoning

Zoning Code RM
RM
  • Listing ID: 31616610

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 97 S 6th St, San Jose, CA 95112

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