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460-466 S 6th St
San Jose, CA 95112
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Seller Financing Available at 75% LTV!
- Convenient Community Amenities
- Exceptional San Jose Investment Opportunity
- Strong Renter's Market
- Quick Access Around the Bay Are
EXECUTIVE SUMMARY
460 S 6th St is an exceptional 8-unit apartment community located in the prosperous city of San Jose, California. Situated on a parcel of land totaling 6,892 square feet, the subject property was originally constructed in 1926 and features a gross building area of approximately 5,152 square feet, offering tenants and residents 100% beautifully designed one-bedroom floor plans. Additionally, tenants enjoy convenient community amenities such as private covered parking and an on-site laundry facility. 460 S 6th St sits near Downtown San Jose and is within walking distance to the Target-anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options. The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC), one of the busiest airports in Northern California serving millions of passengers every year to both domestic and international destinations. Additionally, the subject property is located near San Jose State University and the historic Santa Clara University, ranked 54th nationally for undergraduate programs and 11th nationally for the Executive MBA program, based on U.S. News & World Report rankings. The community also benefits from its proximity to some of San Jose’s largest employers such as the Santa Clara County Medical Center, Adobe, PwC, Deloitte, Cisco, among many other multinational enterprises.The investment appeal of this asset is driven by San Jose’s strong employment fundamentals and low vacancy levels. With a world-class location in Silicon Valley, 460 S 6th St presents an attractive choice for South Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
PROPERTY FACTS Under Contract
| Price Per Unit | $427,501 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.11% | Building Size | 5,152 SF |
| Gross Rent Multiplier | 12.82 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM | ||
| Price Per Unit | $427,501 CAD |
| Sale Type | Investment |
| Cap Rate | 5.11% |
| Gross Rent Multiplier | 12.82 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,152 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | RM |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 645 |
PROPERTY TAXES
| Parcel Number | 467-48-042 | Improvements Assessment | $663,749 CAD |
| Land Assessment | $286,087 CAD | Total Assessment | $949,836 CAD |
PROPERTY TAXES
Parcel Number
467-48-042
Land Assessment
$286,087 CAD
Improvements Assessment
$663,749 CAD
Total Assessment
$949,836 CAD
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