$7,774,000
$7,892,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1.5 Baths
11,925 SqFt
SOLD DATE : 09/25/2017
Key Details
Sold Price $7,774,000
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 11,925 sqft
Price per Sqft $651
MLS Listing ID ML81669491
Sold Date 09/25/17
Bedrooms 3
Full Baths 1
Half Baths 1
Originating Board MLSListings
Year Built 1959
Lot Size 0.390 Acres
Property Sub-Type Five or More Units
Property Description
These properties consists of twelve (26) units, consisting of thirteen (13)one bedroom/one bathroom units, twelve (12) studios and one (1) two bedroom/ one-bathroom unit. The property features twelve (26) covered parking spaces, and is equipped with onsite washers and dryers. 659 & 649 South 9th Street is located exactly two (2) blocks from San Jose State University making them incredibly attractive to the schools student body, and staff. The Ninth and The Gardens have been extensively renovated, the units consist of new kitchen cabinets and granite counter tops, and dual pane windows through the entire property. The investment appeal of this opportunity is driven by the areas tremendous employment fundamentals, world-class location, and the pedestrian and transit oriented nature of the site. High tenant turnover in an area so close to a major University will allow the landlord to keep up with the rapidly increasing rental market. These properties are on two separate parcels.
Location
State CA
County Santa Clara
Zoning RM
Rooms
Kitchen Countertop - Granite
Interior
Heating Wall Furnace
Cooling Ceiling Fan
Flooring Hardwood
Laundry Coin Operated
Exterior
Parking Features Assigned Spaces, Covered Parking, On Street
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Other
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
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Bought with Ray Rodriguez • M&MKW
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Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com