UA-138051460-1
Address
51 S 19th ST San Jose, CA
Price
$ 10,050,000
Property Attributes
  • MLS#ML81863926
  • TypeMulti-Family
  • CountySANTA CLARA
  • CitySan Jose
  • AreaCentral San Jose
  • Zip95116
  • Style
  • Price$ 10,050,000
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage29776
  • Lot Size0.49 Acres
Listing Provided Courtesy Of:
Justin Bautista with Newmark Cornish & Carey.
Data Source:
MLSListings - 40 - CA
Property Description

Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.

Price History
9/23/2021 Listed $10,050,000

General Features

# of Buildings 1
Accessibility None
Age 60
Association Amenities Common Utility Room, Community Security Gate
City SAN JOSE
Co-Listing Agent Last Name Shaheen
Co-Listing Agent Last Name Christopher
Co-Listing Agent State License # 01421630
Cooling None
County Santa Clara
Heating Electric
Listing Agent State License 01268331
MLS Area Central San Jose
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Foam
Security Features Controlled / Secured Access
Special Listing Conditions Not Applicable
Status Active
Utilities Individual Electric Meters
Water Public
Year Built 1961
Zoning Text RM

Interior Features

Laundry Features Coin Operated
Living Sqft 29776
Unit 1 Rent 1960

Exterior Features

Building Area Total 29776
Foundation Details Pillars / Posts / Piers, Post and Beam
Lot Acres 0.4929
Lot Size Area 21469.00
Lot Size Units Square Feet
Maximum Lot Size 21469.00
Meters Master Water, Separate Electric
Parking Features Covered Parking
Sewer/Septic Sewer - Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95116

Price
AVG $7.6M
$10.05M
Visits
AVG 55
40
Year Built
AVG 1954
1961
Walkscore
AVG 77
79
Data Provided by Walkscore ® not using MLS data

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