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Multifamily

468 S Sixth St

468 S Sixth St, San Jose, CA 95112

Listing Price: $1,635,000

Cap Rate
6.32%
Number of Units
11
GRM
10.23
Price/Unit
$148,636
Price/Gross SF
$363.33
Gross SF
4,500

Investment Overview

468 S 6th St is an exceptional 11-unit apartment community located in the prosperous city of San Jose, California.

Situated on a 4,692 square foot parcel of land, the subject property was originally constructed in 1885 and renovated in 2005 featuring a gross building area of approximately 4,500 square feet, offering tenants and residents beautifully designed three-bedroom and SRO floor plans. The subject property also offers tenants convenient amenities such as private parking and on-site laundry.

468 S 6th St sits near Downtown San Jose and is within proximity to the San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.

Additionally, 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, and Cisco, among many other multinational enterprises.

The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 468 S 6th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Buyer to Verify Building SF*

Investment Highlights

  • Exceptional South Bay Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the South Bay.
  • Convenient Tenant Amenities - The subject property offers tenants convenient amenities such as private parking and on-site laundry.
  • Prime Downtown San Jose Location - The subject property sits near San Jose State University, capitalizing on the robust student housing demand.
  • Extensive Capital Improvements - 468 S 6th St has undergone extensive capital improvements including laminate ooring, upgraded kitchen appliances, installed CCTV camera system, replaced heating systems, and replaced all entrance door locks to auto locking keypad locks for better security.
  • Quick Access Around the Bay Area – 468 S 6th St offers tenants and residents convenient access to I-280 and other major transportation routes, providing easy access to prestigious educational institutions, major employers, and the various lifestyle amenities offered in the Bay Area.

Exclusively Listed By

Multifamily

468 S Sixth St

Listing Price: $1,635,000

Cap Rate
6.32%
Number of Units
11
GRM
10.23
Price/Unit
$148,636
Price/Gross SF
$363.33
Gross SF
4,500

Investment Highlights

  • Exceptional South Bay Investment Opportunity - Investors have the opportunity to acquire an exceptional multifamily asset in one of the most dynamic and desirable locations in the South Bay.
  • Convenient Tenant Amenities - The subject property offers tenants convenient amenities such as private parking and on-site laundry.
  • Prime Downtown San Jose Location - The subject property sits near San Jose State University, capitalizing on the robust student housing demand.
  • Extensive Capital Improvements - 468 S 6th St has undergone extensive capital improvements including laminate ooring, upgraded kitchen appliances, installed CCTV camera system, replaced heating systems, and replaced all entrance door locks to auto locking keypad locks for better security.
  • Quick Access Around the Bay Area – 468 S 6th St offers tenants and residents convenient access to I-280 and other major transportation routes, providing easy access to prestigious educational institutions, major employers, and the various lifestyle amenities offered in the Bay Area.

Investment Overview

468 S 6th St is an exceptional 11-unit apartment community located in the prosperous city of San Jose, California. Situated on a 4,692 square foot parcel of land, the subject property was originally constructed in 1885 and renovated in 2005 featuring a gross building area of approximately 4,500 square feet, offering tenants and residents beautifully designed three-bedroom and SRO floor plans. The subject property also offers tenants convenient amenities such as private parking and on-site laundry. 468 S 6th St sits near Downtown San Jose and is within proximity to the San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, 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, and Cisco, among many other multinational enterprises. The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 468 S 6th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options. Buyer to Verify Building SF*

Exclusively Listed By

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