$5,075,000
$5,600,000
9.4%For more information regarding the value of a property, please contact us for a free consultation.
650 S 8th ST San Jose, CA 95112
9,769 SqFt
Key Details
Sold Price $5,075,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,769 sqft
Price per Sqft $519
MLS Listing ID ML81911544
Sold Date 04/12/23
HOA Y/N No
Year Built 1958
Annual Tax Amount $65,392
Lot Size 0.359 Acres
Acres 0.359
Property Description
LOCATED IN THE OPPORTUNITY ZONE. Attractive, well-cared for 17-unit apartment complex with (15) one bedroom/one bathroom units and (2) two bedroom/one bathroom units situated on a 9,769 sf lot and located just 3 blocks from San Jose State University. Capital improvements include dual pane windows (2016), new roof (2019), new commercial water heaters (2019), new landscaping, courtyard pavers and exterior paint (2019), and new kitchen counter tops, cabinets, and appliances in 15 of the 17 units (2016). Lots of upside potential. Strong rental market with students returning to on site classes and the development of Google's planned campus expansion nearby.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 17
Roof Type Other
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 47224006
Financing Private
Special Listing Condition Standard
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Bought with Neel Bhatia • Coldwell Banker Realty