159-165 Union St - Apartments FOR SALE


San Jose, CA 95110- Washington-Guadalupe
$2,880,000 USD
650-492-0934
159-165 Union St, San Jose, CA for Sale
$2,880,000 USD
Apartments - FOR SALE
1/8
null | 5.27% Cap Rate

159-165 Union St
San Jose, CA 95110
Washington-Guadalupe


HIGHLIGHTS

  • Incredible San Jose Investment Opportunity - Investors have the opportunity to acquire an incredible multifamily investment
  • Value-Add Opportunity - Investors have the opportunity to acquire a multifamily asset with high upside potential through interior/exterior renovations
  • Prime San Jose Location - The subject property sits near Downtown San Jose and is within close proximity to Santana Row
  • Strong Renter's Market - The subject property benefits from its close proximity to San Jose State University and Downtown San Jose

OVERVIEW

159 & 165 Union St is an exceptional 12-unit apartment community located in the prosperous city of San Jose, California. Situated on two contiguous parcels of land totaling 18,032 square feet, the subject properties were originally constructed in 1957 and feature a gross building area of approximately 7,192 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private parking and an on-site laundry facility. The subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergrad and 11th nationally for the executive MBA program based on US News & World Report Rankings. The community also benefits from its proximity to some of San Jose's largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$243 USD /SF

# OF UNITS

12

PRICE/UNIT

$240,000

CAP RATE

5.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

R3

APN/PARCEL ID

264-33-067,264-33-068

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.