See all 21 photos

$3,728,000

Est. payment - /mo

Save

9,509 Sqft Lot

Active Under Contract

59 S 5th ST San Jose, CA 95112

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Thu

May

Fri

May

Sat

May

The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

UPDATED:

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID ML82002208

HOA Y/N No

Year Built 1922

Annual Tax Amount $53,404

Lot Size 9,509 Sqft

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

Area 699 - Not Defined

Zoning R4

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Total Parking Spaces 15

Building

Water Public

Schools

School District San Jose Unified

Others

Tax ID 46723023

Security Features Gated with Guard

Special Listing Condition Standard

Listed by Eymon Binesh • Marcus & Millichap

Book an Appointment

Schedule an appointment with us to find out your options and get your questions answered!

Book Here

Apply Online

We make it easy, apply online, submit your documentation in our easy and secure platform! Once you've completed the application and uploaded your documents we will give you a call to go over your options!

Apply Here

Watch Our Class on How To Buy

We've put together a class on how to buy a home and all the different steps you will encounter thoughout the process! We've broken it down to 20 mini videos and at the end you will have a chance to get a $1,000 Closing Cost Credit that you can use when you close with us!

Watch Now