97 South 6th Street

San Jose, CA 95112

$2,000,000
Price
Beds
10,255 Sq. Ft.
$195 / Sq. Ft.
10,255
Sq. Ft.
$195
per Sq. Ft.

Description

First time to the market in decades, the Westwood Portfolio represents an investor the rare opportunity to acquire well maintained assets with strong financial performance directly next to San Jose State University. Six of the properties are situated on one city block, with five of the parcels sharing a property line. 97 S. 6th Street is a charming Colonial Style building features (7) Studios and (1) 1+1 units. The Westwood Portfolio's exceptional Downtown San Jose location provides tenants immediate...First time to the market in decades, the Westwood Portfolio represents an investor the rare opportunity to acquire well maintained assets with strong financial performance directly next to San Jose State University. Six of the properties are situated on one city block, with five of the parcels sharing a property line. 97 S. 6th Street is a charming Colonial Style building features (7) Studios and (1) 1+1 units. The Westwood Portfolio's exceptional Downtown San Jose location provides tenants immediate access to a wide variety of employment options, higher education institutions, and multitude of amenities and recreation options. Investors should benefit from solid fundamentals for years to come. Can be purchased individually or in combination with 55 S. 6th St., 85 S. 6th St., 231 E. San Fernando St., 59 S. 5th St., 92 S. 5th St., 84 S. 5th St.
  1. Listed by Joel Hopman • DRE #01934574 • Brokerage DRE #00586119 • Newmark Cornish & Carey • 415-722-2200
  2. Listed by Steve Zirelli • DRE #01929245 • Brokerage DRE #00586119 • Cornish & Carey Commercial

Property Details for 97 South 6th Street

MLS City Name
SAN JOSE
Building Type
Other
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Newmark Cornish & Carey, Joel Hopman, DRE #01934574; Cornish & Carey Commercial, Steve Zirelli, DRE #01929245
Add your commute
LISTING UPDATED: 04/29/2024 12:07 PM

Property Details for 97 South 6th Street

StatusActive
MLS #ML81962731
Days on Compass10
Taxes$26,927 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1898
Lot Size0.14 AC / 6,098 SF
CountySanta Clara County

Location

Listing Courtesy of Newmark Cornish & Carey, Joel Hopman, DRE #01934574; Cornish & Carey Commercial, Steve Zirelli, DRE #01929245
Add your commute

Building Information for 97 South 6th Street

Stories-Residences-Year Built1898Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$13,159 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$2,244

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 97 South 6th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 10255
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Central San Jose
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 97
  • Street Name: 6th
  • Street Direction Prefix: South
  • Street Suffix: Street
  • Area ID: 9
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 10255
  • Structure SqFt Source: Assessor
  • Age: 126
Development Information
  • Zoning Detail: RM
Location Information
  • Parcel Number: 467-24-006
  • County Name: Santa Clara
  • City Name: SAN JOSE
  • City Postal ID: 58
  • Postal Code: 95112
  • Elementary School District: 482
  • High School District Text: San Jose Unified
Lot Information
  • Foundation: Combination
  • Lot Acres: .14
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $26,927
  • Capitalization Rate: 5.38
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,128
  • Expense Landscape: $0
  • Expense Maintenance: $6,059
  • Expense Management: $0
  • Expense Trash: $3,444
  • Expenses Other: $6,052
  • Expenses Utility: $78
  • Expenses Total: $47,688
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Gross Rent Multiplier: 12.50
  • Income Annual Gross: $155,216
  • Income Annual Rental: $159,480
  • Income Gross Scheduled: $160,016
  • Income Other: $536
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Rent: $1,450
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,895

Property History for 97 South 6th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 97 South 6th Street

Taxable ValueLand$121,850Additions$192,440Total$314,290
Home Facts
Total Finished SqFt10,255 SqFtAbove Grade Finished SqFt10,255 SqFtStories3Lot Size6,016 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningRMCountySANTA CLARAAPN467-24-006Fireplace TypeHas Fireplace

Schools near 97 South 6th 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

Ace Inspire Academy
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.

Similar Homes

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Similar Sold Homes

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97 South 6th Street is a multi-family home for sale in San Jose, CA 95112. This property was listed for sale on April 24, 2024 by Newmark Cornish & Carey, it's currently listed at $2,000,000. It has been on the market for a total of 10 days and was last sold on November 8, 2017. This listing's school district is San Jose Unified School District. Nearby schools include Horace Mann Elementary School, Herbert Hoover Middle School and Abraham Lincoln High School. 97 South 6th Street is a 0-bed, 0-bath, 10,255 sqft multi-family home built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Newmark Cornish & Carey, Joel Hopman, DRE #01934574; Cornish & Carey Commercial, Steve Zirelli, DRE #01929245

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.