Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    YES

  • Heating

    Electric

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.5739

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $4,675,000

  • Tax Amount

    70607.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Other

  • Middle School

    Other

  • High School

    Other

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Location

County

Santa Clara

Elementary School

Other

Middle School

Other

High School

Other

Listing Courtesy of Bryan Danforth , Compass

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PRICE REDUCED! Seller currently undertaking balcony repairs and will provide SB 721 Compliance at Close of Escrow. 6.14% Current Cap Rate. Unit Mix: (10) 1-Bed/1-Bath, and (12) 2-Bed/1-Bath.  Numerous recent upgrades. Copper plumbing, dual pane windows, Square D subpanels - 90 Amp per Unit, disposals in every kitchen, recently replaced water heaters. 100% Occupied & Stable Cash Flow  Fully leased with strong tenant demand. Upside potential through unit upgrades and rent growth. Prime East San Jose Location, near top tech employers, schools, and within walking distance of shopping, dining, and medical services. Excellent Transit & Highway Access  Near VTA bus lines, Hwy 101, 680, and 280. Close to Recreation  1.2 miles from Lake Cunningham Parks trails and activities.    Cross posted with Commercial Multi-Family Class listing:  ML81998688

1500 S White Road

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Marcus & Millichap is pleased to present 642 S 7th Street. This exceptional 12-unit apartment complex is located in the heart of Downtown San Jose, California.   This asset features Twelve (12) massive units: Four (4) 3-bed/2-bath units with dens, One (1) 3-bed/2-bath, One (1) 3-bed/1.5-bath, and Six (6) 2-bed/1.5-bath layouts. The property also offers tenants convenient amenities such as Eighteen (18) secure underground parking spots and on-site laundry. A majority of the units are over 1,000 square feet, and have been thoughtfully upgraded with new LVT flooring, high end kitchens and bathrooms, and new lighting. The exterior has also gone through a major upgrade with brand new stucco, exterior paint, and dual pane windows throughout.  With a world-class location in Silicon Valley, 642 S 7th Street presents an attractive choice for South Bay residents due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
#ML81999668

San Jose

642 S 7th Street

None Beds

None Baths

12,325 Sq.Ft.

$4,888,000

MLS#: ML81999668

 - property

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