San Jose, CA 95112,59 S 5th Street
Listed by Eymon Binesh • Marcus & Millichap
Bought with Eymon Binesh • Marcus & Millichap
$3,600,000
Est. payment /mo
$3,728,000
3.4%
Est.Price: ?

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10,706 SqFt
SOLD DATE : 07/02/2025

Key Details

Sold Price $3,600,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 10,706 sqft

Price per Sqft $336

MLS Listing ID ML82002208

Sold Date 07/02/25

HOA Y/N No

Year Built 1922

Lot Size 9,509 Sqft

Property Sub-Type Other

Source Datashare MLSListings

Property Description

Marcus & Millichap is pleased to present 59 S 5th Street, a charming 16-unit Colonial Revival apartment building located in the heart of Downtown San Jose, California. This rare opportunity offers investors the chance to own a character-rich asset in one of Silicon Valley's most desirable areas. The timeless architecture appeals to renters seeking charm and a sense of place, distinguishing it from more generic modern buildings. Ideally situated across from San Jose State University (37,500+ students, 4,300+ staff) and next to San Jose City Hall, the property enjoys strong rental demand and prime walkability. With a low price of $233,000 per unit, strong in-place cash flow, and attractive bank financing options, 59 S 5th Street is a compelling investment in a high-growth market. Opportunities like this in Downtown San Jose are rare -- don't miss out.

Location

State CA

County Santa Clara

Interior

Heating Wall Furnace

Cooling None

Fireplace No

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