265-271 N 6th St - Apartments FOR SALE


San Jose, CA 95112- Northside
$3,150,000 USD
408-664-8512
265-271 N 6th St, San Jose, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/7
null | 5.04% Cap Rate

265-271 N 6th St
San Jose, CA 95112
Northside


HIGHLIGHTS

  • Investors have the opportunity to acquire an exceptional value-add investment in one of the most dynamic and desirable locations in the South Bay.
  • 265-271 N 6th St features convenient community amenities such as private parking and an on site-laundry facility.
  • The subject property sits near Downtown San Jose and is within walking distance to the Target anchored San Jose Market Center.
  • 265-271 N 6th St offers tenants and residents convenient access to I-280 and other major transportation routes.

OVERVIEW

265-271 N 6th St is an exceptional 12-unit apartment community located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 12,540 square feet, the subject property was originally constructed in 1958 and features a gross building area of approximately 5,724 square feet, offering tenants and residents beautifully designed one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private parking and an on-site laundry facility. 265-271 N 6th St sits near Downtown San Jose and is within walking distance to the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in the Silicon Valley, 265-271 N 6th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$550 USD /SF

# OF UNITS

12

PRICE/UNIT

$262,500

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,540 SF

ZONING

RM

APN/PARCEL ID

467-02-117

ASK ABOUT THIS PROPERTY

Arman SadighMarcus & MillichapMore Info
408-664-8512

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Arman SadighMarcus & MillichapMore Info
408-664-8512

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.