Active
544-550 S 6th Street
San Jose CA, 95112
$4,250,000
$533.25 per sqft
Active
7,970 sqft
Other
Built in 1969
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.
ML81962458
MLSⓇ ID
April 22, 2024
Listed
April 27, 2024
Updated
Map
544-550 S 6th Street
San Jose CA, 95112
Interior Features
Interior Features
Updated Baths, Updated Kitchen
Appliances
Refrigerator
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.27 Acres
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
San Jose
Garage
No
Parking
Covered, Assigned
View
No
County
Santa Clara
Pool
No
Zoning
RM
Buyer Agency Compensation
2.5%
Listed by Eymon Binesh with Marcus & Millichap
Listing Contact: 650-546-1030
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