51 S 19th ST

SAN JOSE, CA, 95116

$7,500,000

$251 per ft²
$7,500,000
$251 per ft²
Active
Active
 - For Sale
carpenters-square
29,776 ft²
property_type
Commercial
calendar
Built 1961
Incredible opportunity in Downtown San Jose. Fantastic unit mix of (30) 2 bedroom / 1 bathroom townhouses. Spacious units - 993 SF each with private balconies. Individual hot water heaters. Strong in-place rents with upside potential. Only $252/SF. Current GRM of 8.98 and Current Cap Rate of 7.37%. Terrific 1031 exchange opportunity - sellers are willing to wait to. Property needs extensive work to decks, wingwalls and beams. Seller can provide report/scope.
MLS® ID:
ML81907801
Updated:
10/3/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated
Floor Description
Carpet, Laminate, Tile, Vinyl / Linoleum
Cooling
None
Heating
Electric

Exterior/Building Features

Lot Size
0.49 acres lot
Roof
Foam
Sewer
Sewer - Public

Other Property Details

Area Name
9
HOA Amenities
Common Utility Room
Garage
Yes
Parking
Covered Parking
View
Y
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters
Water Source
Public
Pool
Yes
Zoning
RM

 

Courtesy of Justin Bautista, Newmark Cornish & Carey

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Data last updated 3:00 PM UTC, 10/3/22

 

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