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Key Details
Sold Price $3,250,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81962730
Sold Date 07/23/24
HOA Y/N No
Year Built 1960
Annual Tax Amount $44,795
Lot Size 6,534 Sqft
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 699 - Not Defined
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 6
Roof Type Flat
Total Parking Spaces 4
Building
Water Public
Schools
School District San Jose Unified
Others
Tax ID 46724008
Financing Cash
Special Listing Condition Standard
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Bought with Huan Fang