Magnify is pleased to present 1077-1089 N 5th Street, a 23-unit multifamily portfolio on four separate parcels in San Jose. Constructed in 1957, the properties consist of (10) 2BD/1BA and (13) 1BD/1BA totaling 12,944 building square feet on a large 0.53 acre lot. The portfolio is available together or separately, and features (1) 4-plex, (2) 6-unit buildings, and (1) 7-unit building. 16 out of 23 units (~70%) have been fully remodeled with new kitchens, bathrooms, dual-pane windows, LVP floors, plumbing upgrades, and more. The property is in a core Silicon Valley location that will benefit from numerous development projects nearby, including the planned Google Downtown West project. Tenants enjoy many restaurants and boutique shops close by in Japantown and downtown San Jose, along with easy access to San Jose State University, top tech employers in the downtown corridor, and Highways 101, 680, and 880.
- Price:
- $8,080,000
- Square Footage:
- 12,944
- Acreage:
- 0.53
- Year Built:
- 1957
- Listing ID #:
- ML81917107
- Street Address:
- 1077-1089 N 5th St
- City:
- San Jose
- State:
- California
- Postal Code:
- 95112
- County:
- Santa Clara
- Community:
- Central San Jose
- Listing Status:
- Active
- Listing Type:
- Five or More Units
School District: San Jose Unified
- Age Of Dwelling:
- 66
- Foundation:
- Concrete Perimeter, Post And Pier, Wood Frame
- Total # Of Buildings:
- 4
- Total Building Square Footage:
- 12944
- Type Of Roof:
- Composition, Shingle
- Unit2 Bedrooms:
- 2
- Year Built:
- 1957
- Annual Insurance Expenses:
- 5792
- Annual Maintenance Expenses:
- 11500
- Annual Management Expenses:
- 21696
- Capitalization Rate:
- 4.56
- Conforms To Zoning:
- R3
- Lot Square Footage:
- 23172.00
- Total Available Acres:
- 0.5320
- Property Taxes:
- $105,958
- Unit 1 Monthly Rent:
- 1486
- Unit 2 Monthly Rent:
- 1770
- Garage Description:
- Carport , Uncovered Parking
- Parking Spaces:
- 9
- Cooling System:
- Ceiling Fan
- Existing Water:
- Public
- Heating:
- Wall Furnace
- Sewage Type:
- Sewer - Public
- Utilities:
- Individual Electric Meters, Individual Gas Meters, Public Utilities
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: David Katz 408-758-0718 with David Katz
-
This data is up-to-date as of March 31, 2023.
Listing Provided By David Katz of David Katz 
