Bought with Eric Katz • Katz Inc
$1,875,000
$1,800,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
3,458 SqFt
SOLD DATE : 11/01/2021
Key Details
Sold Price $1,875,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 3,458 sqft
Price per Sqft $542
MLS Listing ID ML81848587
Sold Date 11/01/21
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1957
Lot Size 5,866 Sqft
Property Sub-Type Other
Property Description
Magnify Investments is pleased to present the opportunity to acquire 230 Josefa Street, a 6-unit property located in a highly desirable location of San Jose. Constructed in 1957, the property consists of (6) 1BD/1BA on a 5,866 square foot lot. The building is well-maintained overall with strong upside in rents. It is located in the heart of downtown San Jose and walking distance to Caltrain/Diridon (0.4 miles) and the planned Google HQ redevelopment. This parcel also has tremendous redevelopment potential as it is designated in the 'Downtown' zoning in the San Jose 2040 General Plan (buyer to verify). Please note, the current rents reflect 5% increases that will be effective 8/1/21. Offers due by Monday 6/21/21 at 12pm. *Contact Listing Agents for Offering Memorandum and tours by appointment*
Location
State CA
County Santa Clara
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Water Public
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