642 S 7th St - Apartments FOR SALE


San Jose, CA 95112- Sun
$4,828,000 USD
650-546-1030
642 S 7th St, San Jose, CA for Sale
$4,828,000 USD
Apartments - FOR SALE
1/20
null | 5.3% Cap Rate

642 S 7th St
San Jose, CA 95112
Sun


OVERVIEW

Marcus & Millichap is pleased to present 642 S 7th Street. This exceptional 12-unit apartment complex is located in the heart of Downtown San Jose, California. This asset features twelve massive units: four 3-bed/2-bath units with dens, one 3-bed/2-bath, one 3-bed/1.5-bath, and six 2-bed/1.5-bath layouts. The property also offers tenants convenient amenities such as eighteen secure underground parking spots and on-site laundry. A majority of the units are over 1,000 square feet, and have been thoughtfully upgraded with new LVT flooring, high end kitchens and bathrooms, and new lighting. The exterior has also gone through a major upgrade with brand new stucco, exterior paint, and dual pane windows throughout. With a world-class location in Silicon Valley, 642 S 7th Street presents an attractive choice for South Bay residents due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$4,828,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

12

PRICE/UNIT

$402,333

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,520 SF

ZONING

RM

APN/PARCEL ID

472-24-101

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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