544-550 South Sixth Street
544-550 South Sixth Street
$4,250,000
—
7,970
7,970
$533
Description
First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten...First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten units, including new stainless steel appliances, LVT flooring, quartz countertops, LED lighting, and washer & dryers in Nine (9) units. The exterior has also gone through major upgrades including new stucco, wood siding, stacked stone, and all new dual pane windows throughout. There is an attractive $2,070,000 fixed assumable loan at 3.80% interest through June 2030, that re-adjusts to 5.00% interest through June 2040. The note calls for interest only payments through June 2040, allowing for maximum cash flow during the Sixteen (16) years remaining on the existing note. The loan must be assumed and subject to lender approval.
- Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030
- Listed by Robert Johnston • DRE #01853816 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 544-550 South Sixth Street
MLS City Name
SAN JOSE
Building TypeOther
Garage Spaces0
Parking Spaces15
Location
LISTING UPDATED: 04/26/2024 02:14 PM
Property Details for 544-550 South Sixth Street
Status | Active |
---|---|
MLS # | ML81962458 |
Days on Compass | 11 |
Taxes | $53,975 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1969 |
Lot Size | 0.27 AC / 11,868 SF |
County | Santa Clara County |
Location
Building Information for 544-550 South Sixth Street
Stories-Residences-Year Built1969Building Size-Lot Size0.27 AC / 11,868 SF
Payment Calculator
$27,692 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 544-550 South Sixth Street
Property History for 544-550 South Sixth 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.
Schools near 544-550 South Sixth 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 |
---|---|---|
Lowell 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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