San Jose, CA 95112,659 & 649 S 9th ST

$7,774,000

$7,892,000

1.5%
Est.Price: ?

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Est. payment /mo

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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MLS Listing IDX PLUS
Listed by Ray Rodriguez • Marcus & Millichap
Bought with Ray Rodriguez • M&MKW

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agent
Kenneth Jamaca

Managing Broker | REALTOR | License ID: 02080040

+1(925) 413-1849 | kenneth@jcastlegroup.com

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