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Key Details
Sold Price $3,650,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81936146
Sold Date 09/26/23
HOA Y/N No
Year Built 1930
Annual Tax Amount $51,600
Lot Size 5,135 Sqft
Property Description
21-unit, Art Deco style building! The 3-story structure consists of 19 studios, approx. 410 SF & 2, 1/BR/1BA units approx. 675 SF. Property is a significant remodel/upgrade opportunity. The building and ALL the units are in very poor condition and in need of major capital improvements including electrical and plumbing systems. BUYER TO VERIFY ALL WORK AND PERMITS REQUIRED. The building has been identified as a Structure of Merit as Defined in the San Jose 2040 General Plan. A Structure of Merit is considered An important historic property or feature of lesser significant, and that does not qualify as a City Landmark or for the California or National Registers but attempts should be made for preservation to the extent feasible under the 2040 General Plan goals and policies. Buyers should contact the City of San Jose Planning department for renovation or redevelopment plan. The building is being sold "As-Is" in its current condition with all the contents.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning CO
Interior
Cooling None
Fireplace No
Exterior
Roof Type Flat,Tar/Gravel
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46701079
Financing Cash
Special Listing Condition Standard
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Bought with Andrew Nguyen • Trajectory Real Estate