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Multifamily

265-271 N 6th Street

265 N 6th St, San Jose, CA 95112

Listing Price: $3,150,000

Cap Rate
5.04%
Number of Units
12
GRM
12.97
Price/Unit
$262,500
Price/Gross SF
$550.31
Gross SF
5,724

Investment Overview

265-271 N 6th St is an exceptional 12-unit apartment community located in the prosperous city of San Jose, California.

Situated on a parcel of land totaling 12,540 square feet, the subject property was originally constructed in 1958 and features a gross building area of approximately 5,724 square feet, offering tenants and residents beautifully one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private parking and an on-site laundry facility.

265-271 N 6th St sits near Downtown San Jose and is within walking distance to the Target anchored 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, 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 the Silicon Valley, 265-271 N 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.

Investment Highlights

  • Exceptional Value-Add Investment Opportunity - Investors have the opportunity to acquire an exceptional value-add investment in one of the most dynamic and desirable locations in the South Bay.
  • Convenient Community Amenities - 265-271 N 6th St features convenient community amenities such as private parking and an on site- laundry facility.
  • Prime San Jose Location - The subject property sits near Downtown San Jose and is within walking distance to the Target anchored San Jose Market Center.
  • Quick Access Around the Bay Area – 265-271 N 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

265-271 N 6th Street

Listing Price: $3,150,000

Cap Rate
5.04%
Number of Units
12
GRM
12.97
Price/Unit
$262,500
Price/Gross SF
$550.31
Gross SF
5,724

Investment Highlights

  • Exceptional Value-Add Investment Opportunity - Investors have the opportunity to acquire an exceptional value-add investment in one of the most dynamic and desirable locations in the South Bay.
  • Convenient Community Amenities - 265-271 N 6th St features convenient community amenities such as private parking and an on site- laundry facility.
  • Prime San Jose Location - The subject property sits near Downtown San Jose and is within walking distance to the Target anchored San Jose Market Center.
  • Quick Access Around the Bay Area – 265-271 N 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

265-271 N 6th St is an exceptional 12-unit apartment community located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 12,540 square feet, the subject property was originally constructed in 1958 and features a gross building area of approximately 5,724 square feet, offering tenants and residents beautifully one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private parking and an on-site laundry facility. 265-271 N 6th St sits near Downtown San Jose and is within walking distance to the Target anchored 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, 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 the Silicon Valley, 265-271 N 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.

Exclusively Listed By

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