Multifamily
59 S 5th St
59 S 5th St, San Jose, CA 95112
Listing Price: $3,728,000
Investment Overview
59 S 5th St is an exceptional 16-unit apartment complex located in the heart of Downtown San Jose, California.
Situated on a 9,509 square foot parcel of land, the subject property was originally constructed in 1922 and has a gross building area of approximately 10,706 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans.
59 S 5th St presents a rare opportunity for an investor to acquire an exceptional multifamily asset in one of the most desirable locations in the Silicon Valley. The subject property is located in the bustling Downtown San Jose, featuring a myriad of local artisanal dining, retail, and entertainment experiences. The subject property is also located directly across the street from San Jose State University which has a diverse enrollment of over 37,500 students and over 4,300 employees. Residents at the subject property also have convenient access to travel from the various major highways and the Norman Y. Mineta San Jose International Airport is located just under 5 miles from the subject property.
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, 59 S 5th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
59 S 5th St
Investment Highlights
- Exceptional Downtown San Jose Investment Opportunity - Investors have the opportunity to acquire a centrally located multifamily asset in one of the most desirable locations in Silicon Valley.
- Strong Renter's Market - 59 S 5th St benefits from its close proximity to San Jose State University and Downtown San Jose, creating strong demand and high prices for rental rates.
- Convenient Access to the Entire Bay Area - The subject property provides tenants and residents convenient access to numerous transportation corridors, major employers, and various lifestyle amenities.
- Excellent Transportation Corridors - 59 S 5th St provides tenants and residents easy access to California State Route 17, California State Route 87, Interstate 680, Interstate 280, Highway 101, as well as many others.
Listing Price: $3,728,000
Investment Highlights
- Exceptional Downtown San Jose Investment Opportunity - Investors have the opportunity to acquire a centrally located multifamily asset in one of the most desirable locations in Silicon Valley.
- Strong Renter's Market - 59 S 5th St benefits from its close proximity to San Jose State University and Downtown San Jose, creating strong demand and high prices for rental rates.
- Convenient Access to the Entire Bay Area - The subject property provides tenants and residents convenient access to numerous transportation corridors, major employers, and various lifestyle amenities.
- Excellent Transportation Corridors - 59 S 5th St provides tenants and residents easy access to California State Route 17, California State Route 87, Interstate 680, Interstate 280, Highway 101, as well as many others.
Investment Overview
59 S 5th St is an exceptional 16-unit apartment complex located in the heart of Downtown San Jose, California. Situated on a 9,509 square foot parcel of land, the subject property was originally constructed in 1922 and has a gross building area of approximately 10,706 square feet, offering its tenants beautifully designed one-bedroom and studio floor plans. 59 S 5th St presents a rare opportunity for an investor to acquire an exceptional multifamily asset in one of the most desirable locations in the Silicon Valley. The subject property is located in the bustling Downtown San Jose, featuring a myriad of local artisanal dining, retail, and entertainment experiences. The subject property is also located directly across the street from San Jose State University which has a diverse enrollment of over 37,500 students and over 4,300 employees. Residents at the subject property also have convenient access to travel from the various major highways and the Norman Y. Mineta San Jose International Airport is located just under 5 miles from the subject property. 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, 59 S 5th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
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