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231 E San Fernando ST San Jose, CA 95112
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Key Details
Sold Price $3,250,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,776 sqft
Price per Sqft $417
MLS Listing ID ML81962730
Sold Date 07/23/24
Bedrooms 3
Full Baths 2
Year Built 1960
Lot Size 6,534 Sqft
Property Sub-Type Five or More Units
Property Description
First time to the market in decades, the Westwood Portfolio represents an investor the rare opportunity to acquire well maintained assets with strong financial performance directly next to San Jose State University. Six of the properties are situated on one city block, with five of the parcels sharing a property line. 231 East San Fernando Street is a traditional 1960s apartment building with a unit mix of (11) 1 bedroom / 1 bathroom units and (1) 2 bedroom/ 1 bathroom unit. The property lies directly across the street from San Jose State University. Can be purchased individually or in combination with 55 S. 6th St., 85 S. 6th St. 97 S. 6th St., 59 S. 5th St., 92 S. 5th St., 84 S. 5th St. The Westwood Portfolio's exceptional Downtown San Jose location provides tenants immediate access to a wide variety of employment options, higher education institutions, and multitude of amenities and recreation options. Investors should benefit from solid fundamentals for years to come.
Location
State CA
County Santa Clara
Area Central San Jose
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Covered Parking, On Street, Uncovered Parking
Utilities Available Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 467-24-008
Security Features None
Special Listing Condition Not Applicable
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Bought with Huan Fang • Suen, Peter
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Ramsin Jacob
Broker | Developer | Investor | NBA Player Agent | License ID: 02003060