$1,198,000 USD
408-449-2426
HIGHLIGHTS
- Ground floor salon occupied, income producing from day one
- Two residential units in back - one occupied, one vacant with immediate lease-up potential
- Three separate addresses: 641, 641A & 643 N 13th Street
- Steps from SJSU, SAP Center, Caltrain & VTA light rail
- Downtown San Jose is one of the Bay Area’s tightest rental markets with rents rising year over year
- Ideal for owner-user, investor, or live/work buyer
OVERVIEW
Value-Add Upside:
Lease the vacant 641 unit at $2,950/month market rate and add
$35,400 to annual NOI without a single capital improvement.
Stabilized cap rate reaches 6.86% at asking price.
SBA 504 Financing Available:
Qualified owner-users may finance with as little as 10% down,
making ownership significantly more accessible than a conventional
purchase.
FOR SALE DETAILS
PRICE
$1,198,000 USD
PRICE/SF
$552 USD /SF
CAP RATE
3.91%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1952
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.13 AC
LAND SF
5,750 SF
ZONING
MUC
APN/PARCEL ID
249-33-026
ASK ABOUT THIS PROPERTY
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408-449-2426
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408-449-2426
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