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544-550 S 6th St San Jose, CA, 95112
$4,250,000 Commercial under contract Other
First time ever available on market, 544-550 S 6th Street represents the rare opportunity to acquire an exceptional 10-unit multifamily asset on one of the best blocks of Downtown San Jose. This asset was originally built in 1969 and is situated on two contiguous parcels totaling 11,868 square feet. The property features Ten (10) beautifully designed two-bedroom/one-bathroom floor plans that are approximately 800 square feet each. This asset has recently undergone extensive renovations to all ten units, including new stainless steel appliances, LVT flooring, quartz countertops, LED lighting, and washer & dryers in Nine (9) units. The exterior has also gone through major upgrades including new stucco, wood siding, stacked stone, and all new dual pane windows throughout. There is an attractive $2,070,000 fixed assumable loan at 3.80% interest through June 2030, that re-adjusts to 5.00% interest through June 2040. The note calls for interest only payments through June 2040, allowing for maximum cash flow during the Sixteen (16) years remaining on the existing note. The loan must be assumed and subject to lender approval.
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Property details
7,970 sqft interior area
Land area
11,868 sqft (0.27 acres)
Days on Verhouse
23
Address
544-550 S 6th St, San Jose, CA, 95112
City of California
San Jose
County
Santa Clara
Year Built
1969
District
Listing
Nearby major retailers
Costco
Costco #129
Costco Tire Center
7-Eleven
AutoZone
Walgreens
O'Reilly Auto Parts
Verizon Wireless
Chevron
Rite Aid
Shell
MetroPCS
Public Storage
See's Candies
Dollar Tree
CVS Pharmacy
Gucci
Ross
Apple Store
Marshalls
GNC
GameStop
Supercuts
T-Mobile
AT&T
Nordstrom
Walmart Supercenter
Safeway
The Home Depot
Staples
Kohl's
Crate & Barrel
Jiffy Lube
Lowe's
Whole Foods Market
Trader Joe's
Trader Joe’s San Jose Coleman Avenue
Jamba Juice
Pet Food Express
Sears
Macy's
JCPenney
Walmart Neighborhood Market
Ace Hardware
Dish Network
Bloomingdale's
Wholesale: 3
Tyres: 1
Convenience: 53
Car parts: 18
Chemist: 18
Mobile phone: 32
Storage rental: 5
Confectionery: 4
Variety store: 4
Jewelry: 1
Department store: 15
Electronics: 2
Nutrition supplements: 3
Video games: 3
Hairdresser: 6
Supermarket: 12
Do it yourself: 7
Stationery: 2
Car repair: 1
Beverages: 2
Pet: 1
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Interior Features
—
Roof
Shingle
Garage & Parking
Covered, Assigned
Other rooms
Updated Baths, Updated Kitchen
Appliances
Refrigerator
Listed by
Eymon Binesh, Marcus & Millichap
Name
Eymon Binesh
License number
02060059
Brokerage company
Marcus & Millichap
MLS #
ML81962458
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Calculate your monthly payments
Mortgage
$13,049
Taxes
$0
HOA dues
$0
Mortgage
$850,000 / 20%
2.28%
30 years
Your amount
$13,049 / month
Lot details
TMK #47228042
Parcel nr.
47228042
95112 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95112
45%
Families with children
National average: 39%
37%
Non family households
488,655
Population
$117,517
Average Income
Age & gender
Median age 34 years
More info
Commute types
82% commute by car
More info
Education level
22% have bachelor education
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Number of employees
2% work in management
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Vehicles available
35% have 2 vehicle
More info
Vehicles by gender
35% have 2 vehicle
More info
Housing market insights for
$1.16m
Neighborhood average
sales price*
sales price*
$1.04m
Neighborhood median
sales price*
sales price*
592
Number
of sales*
of sales*
Housing type
41% are single detacheds
More info
Rooms
35% of the houses have 4 or 5 rooms
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Bedrooms
56% have 2 or 3 bedrooms
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Owners vs Renters
55% are renters
More info
13.33 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Under contract May 8, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 8, 2024 | Under contract | $4,250,000 | 0 | MLS #ML81962458 |
| Apr 22, 2024 | New Listing | $4,250,000 | 0 | MLS #ML81962458 |
Taxes of 544-550 S 6th St, San Jose, CA, 95112
RM zoning / MLS #ML81962458
Zoning
RM
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Frequently Asked Questions about 544-550 S 6th St
What is 544-550 S 6th St?
544-550 S 6th St is a Commercial/Industrial propertywith 7,970 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
544-550 S 6th St, San Jose, CA, 95112.
What comparable properties are nearby?
Comparable nearby commercial properties include 594 S 6th St, 635 S 11th St, 694 S 2nd St, 556 S 11th St, 231 E San Fernando St, 59 S 5th St.
Based on information from the bridgeMLS as of 05-14-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 09, 2024
Verhouse Last checked less than a minute ago
The closest grocery stores are Đại Thành Supermarket, 0.31 miles away and Grocery Outlet, 0.6 miles away.
The 95112 zip area has a population of 488,655, and 45% of the families have children. The median age is 34.71 years and 82% commute by car. The most popular housing type is "single detached" and 55% is renter.
