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59 S 5th St
San Jose, CA 95112

Multifamily Property For Sale · 10 Units

Executive Summary

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. 59 South 5th Street is an impressive Colonial Revival style property that boasts (8) studios and (8) 1 bedroom / 1 bathroom units. The property features expansive interior hallways with skylights. Can be purchased individually or in combination with 55 S. 6th St., 85 S. 6th St. 97 S. 6th St., 92 S. 5th St., 231 E. San Fernando St., 84 S. 5th St.

PROPERTY FACTS

Price Per Unit $577,492 CAD
Sale Type Investment
Cap Rate 4.39%
Gross Rent Multiplier 11.93
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.22 AC
Building Size 11,190 SF
No. Stories 2
Year Built 1922
Parking Ratio 0.89/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Kitchen
  • Tub/Shower

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
467-23-023
Land Assessment
$206,559 CAD
Improvements Assessment
$524,403 CAD
Total Assessment
$730,962 CAD

zoning

Zoning Code R4
R4
  • Listing ID: 31623083

  • Date on Market: 2024-04-26

  • Last Updated:

  • Address: 59 S 5th St, San Jose, CA 95112

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