468 S 6th St - Dormitory FOR SALE


San Jose, CA 95112- Sun
$1,692,000 USD
408-655-9377
468 S 6th St, San Jose, CA for Sale
$1,692,000 USD
Dormitory - FOR SALE
1/8
null | 6.07% Cap Rate

468 S 6th St
San Jose, CA 95112
Sun


HIGHLIGHTS

  • Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the South Bay.
  • The subject property offers tenants convenient amenities such as private parking and on-site laundry.
  • 468 S 6th St has undergone extensive capital improvements including laminate flooring, upgraded kitchen appliances, installed CCTV camera system.
  • Replaced heating systems, and replaced all entrance door locks to auto locking keypad locks for better security.
  • The subject property sits near San Jose State University, capitalizing on the robust student housing demand.
  • 468 S 6th St offers tenants and residents convenient access to I-280 and other major transportation routes.

OVERVIEW

468 S 6th St is an exceptional 11-unit apartment community located in the prosperous city of San Jose, California. Situated on a 4,692 square foot parcel of land, the subject property was originally constructed in 1885 and renovated in 2005 featuring a gross building area of approximately 4,500 square feet, offering tenants and residents beautifully designed three-bedroom and SRO floor plans. The subject property also offers tenants convenient amenities such as private parking and on-site laundry. 468 S 6th St sits near Downtown San Jose and is within proximity to the 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, and 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 Silicon Valley, 468 S 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. Buyer to Verify Building SF*

FOR SALE DETAILS

PRICE

$1,692,000 USD

PRICE/SF

$376 USD /SF

# OF UNITS

11

PRICE/UNIT

$153,818

CAP RATE

6.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1885

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,692 SF

ZONING

R-M Multi- Residential

APN/PARCEL ID

467-48-041

ASK ABOUT THIS PROPERTY

Jacob ClyneMarcus & MillichapMore Info
408-655-9377

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Jacob ClyneMarcus & MillichapMore Info
408-655-9377

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