51 S 19th St San Jose CA, 95116
Listing ID: ML81907801
Sold For: $5,500,000
Status: Sold
Sold Date: 2/17/2023
Address: 51 S 19th St
City: San Jose
State: California
Postal Code: 95116
SqFt: 29,776
Acres: 0.493
County: Santa Clara
San Jose
CA
95116
Incredible opportunity in Downtown San Jose. Fantastic unit mix of (30) 2 bedroom / 1 bathroom townhouses. Spacious units - 993 SF each with private balconies. Individual hot water heaters. Strong in-place rents with upside potential. Only $252/SF. Current GRM of 8.98 and Current Cap Rate of 7.37%. Terrific 1031 exchange opportunity - sellers are willing to wait to.
Primary Features
Number of Buildings:
1
Structure SqFt:
29776
Structure SqFt Source:
Assessor
Parcel Number:
467-30-018
Status:
Sold
Property Type:
Commercial Multi-Family
Property Sub Type:
Five or More Units
Year Built:
1961
Age:
61
Zoning:
RM
Additional Information
Additional Listing Info:
Not Applicable
Foundation:
Pillars / Posts / Piers
Sewer Septic:
Sewer - Public
Water:
Public
Meters:
Master Water, Separate Electric, Separate Gas
Minimum Lot Size:
21469
Maximum Lot Size:
21469
Acres:
0.493
Incorporated:
no
Interior Features
Unit 1 Number of Bedrooms:
2
Unit Type 1 Approximate SqFt:
993
Laundry:
Coin Operated
Flooring:
Carpet, Laminate, Tile, Vinyl / Linoleum
Heating:
Electric
Cooling:
None
External Features
Garage Parking Features:
Covered Parking
HOA Amenities:
Common Utility Room
Roof:
Foam
Location Information
County:
Santa Clara
City:
San Jose
State:
California
Postal Code:
95116
Area:
Central San Jose
Area ID:
9
City Limits:
yes
Cross Street:
Santa Clara Street
Financial Details
Listing Price:
$7,500,000
Unit 1 Rent:
2150
Sold Date:
2023-02-17T00:00:00+00:00
Sold Price:
$5,500,000
Zoning Info
Area Info
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