200 South 1st Street
200 South 1st Street
$12,000,000
—
45,610
45,610
$263
Description
Newmark, as an exclusive advisor is proud to present the Twohy Lofts in vibrant Downtown San Jose. The 5-story building consists of 36 Loft Style units and ground floor retail which has recently undergone significant renovations to seismic, mechanical and electrical systems providing old world charm coupled with a modern infrastructure. An investor can acquire this historic, but like-new building at a significant discount to replacement cost. The high-identity classic revival architecture building...Newmark, as an exclusive advisor is proud to present the Twohy Lofts in vibrant Downtown San Jose. The 5-story building consists of 36 Loft Style units and ground floor retail which has recently undergone significant renovations to seismic, mechanical and electrical systems providing old world charm coupled with a modern infrastructure. An investor can acquire this historic, but like-new building at a significant discount to replacement cost. The high-identity classic revival architecture building sits prominently on the Paseo de San Antonio and S. 1st Street. The ground floor features approximately 8,350 sq ft of retail space currently occupied by Scotts Seafood and San Jose Candy Kitchen. Ornate details true to period of its original 1917 construction can be found throughout the building. While the assets financial performance is stable, NOI optimization can be enhanced through a combination of embedded rent increases coupled with unit modernization upon turnover. The property is not subject to San Joses Apartment Rent Ordinance and is on the Mills Act which provides substantial property tax abatement. San Jose State University, with a growing 36,000+ student body and another 3,700 in employees is a mere four blocks away. WalkScore of 96!
- Listed by Joel Hopman • DRE #01934574 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 415-722-2200
- Listed by Steve Zirelli • DRE #01929245 • Brokerage DRE #00586119 • Cornish & Carey Commercial
Property Details for 200 South 1st Street
MLS City Name
SAN JOSE
Building TypeOther
Complex NameTwohy Lofts
Garage Spaces0
Parking Spaces0
Location
LISTING UPDATED: 05/17/2024 11:22 AM
Property Details for 200 South 1st Street
Status | Active |
---|---|
MLS # | ML81966157 |
Days on Compass | 16 |
Taxes | $63,404 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1917 |
Lot Size | 0.20 AC / 8,712 SF |
County | Santa Clara County |
Location
Building Information for 200 South 1st Street
Stories-Residences-Year Built1917Building Size-Lot Size0.20 AC / 8,712 SF
Payment Calculator
$70,773 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 200 South 1st Street
Property History for 200 South 1st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 200 South 1st Street
Taxable ValueLand$369,800Additions$3,116,839Total$3,486,639
Home Facts
Total Finished SqFt45,610 SqFtAbove Grade Finished SqFt45,610 SqFtStories5Lot Size8,785 SqFtStyleMulti-Family Res (5+ Units)Year Built1917ZoningDCCountySANTA CLARAAPN467-46-030Fireplace TypeHas Fireplace
Schools near 200 South 1st Street
This home is within San Jose Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Horace Mann Elementary School PublicK to 5 | ||
Herbert Hoover Middle School Public6 to 8 | ||
Abraham Lincoln High School Public9 to 12 | ||
Downtown College Preparatory Middle Charter5 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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