Property Details
About this Property
First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten units, including new stainless steel appliances, LVT flooring, quartz countertops, LED lighting, and washer & dryers in Nine (9) units. The exterior has also gone through major upgrades including new stucco, wood siding, stacked stone, and all new dual pane windows throughout. There is an attractive $2,070,000 fixed assumable loan at 3.80% interest through June 2030, that re-adjusts to 5.00% interest through June 2040. The note calls for interest only payments through June 2040, allowing for maximum cash flow during the Sixteen (16) years remaining on the existing note. The loan must be assumed and subject to lender approval.
MLS Listing Information
MLS #
ML81962458
MLS Source
MLSListings, Inc.
Interior Features
Appliances
Washer/Dryer
Cooling
None
Heating
Gas
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Covered Parking, Off-Street Parking, Garage: 0 Car(s)
Elementary District
San Jose Unified
High School District
San Jose Unified
Sewer
Public Sewer
Complex Amenities
Additional Storage, Common Utility Room
Zoning
RM
Contact Information
Listing Agent
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
Co-Listing Agent
Robert Johnston
License #: 01853816
Phone: (650) 391-1744
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 9 | 10 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 800 | 2 | 1/0 | $2,315 | $2,895 | 10 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
544-550 S 6th St is a Residential Income in San Jose, CA 95112. This 7,970 square foot property sits on a 0.272 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1969. This address can also be written as 544-550 S 6th St, San Jose, CA 95112.
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This listing information is up-to-date as of June 28, 2024. For the most current information, please contact Eymon Binesh, (650) 546-1030
