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59 S 5th St
San Jose, CA 95112

Residential Property For Sale · 10 Units

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Executive Summary

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. 59 South 5th Street is an impressive Colonial Revival style property that boasts (8) studios and (8) 1 bedroom / 1 bathroom units. The property features expansive interior hallways with skylights. Can be purchased individually or in combination with 55 S. 6th St., 85 S. 6th St. 97 S. 6th St., 92 S. 5th St., 231 E. San Fernando St., 84 S. 5th St.

PROPERTY FACTS

Price Per Unit	£319,728	Building Class	C
Sale Type	Investment	Lot Size	0.22 AC
Net Initial Yield	4.39%	Building Size	11,190 SF
Gross Rent Multiplier	11.93	Number of Floors	2
No. Units	10	Year Built	1922
Property Type	Residential	Parking Ratio	0.89/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price Per Unit	£319,728
Sale Type	Investment
Net Initial Yield	4.39%
Gross Rent Multiplier	11.93
No. Units	10
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.22 AC
Building Size	11,190 SF
Number of Floors	2
Year Built	1922
Parking Ratio	0.89/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Kitchen

Tub/Shower

PROPERTY TAXES

Parcel Number	467-23-023	Improvements Assessment	£292,867
Land Assessment	£115,359	Total Assessment	£408,226

PROPERTY TAXES

Parcel Number

467-23-023

Land Assessment

£115,359

Improvements Assessment

£292,867

Total Assessment

£408,226

zoning

Zoning Code	R4
R4

Listing ID: 31623083
Date on Market: 26/04/2024
Last Updated:
Address: 59 S 5th St, San Jose, CA 95112

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