Properties

Comm Ri Multi-units 5+ For Sale

3,458 Sqft - 230 Josefa Street, SAN JOSE, California 95110

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Property Description

Magnify Investments is pleased to present the opportunity to acquire 230 Josefa Street, a 6-unit property located in a highly desirable location of San Jose. Constructed in 1957, the property consists of (6) 1BD/1BA on a 5,866 square foot lot. The building is well-maintained overall with strong upside in rents. It is located in the heart of downtown San Jose and walking distance to Caltrain/Diridon (0.4 miles) and the planned Google HQ redevelopment. This parcel also has tremendous redevelopment potential as it is designated in the ‘Downtown’ zoning in the San Jose 2040 General Plan (buyer to verify). Please note, the current rents reflect 5% increases that will be effective 8/1/21. Offers due by Monday 6/21/21 at 12pm. *Contact Listing Agents for Offering Memorandum and tours by appointment*

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81848587
Price : $1,800,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,458 Sqft
Year Built : 1957
Lot Area : 0.13 Sqft
Features
Heating System : Wall Furnace
Roof : Tar And Gravel
Address Map
Country : US
State : CA
County : Santa Clara
City : SAN JOSE
Zipcode : 95110
Street : Josefa Street
Street Number : 230
Floor Number : 0
Longitude : W122° 6' 3.6''
Latitude : N37° 19' 36''
MLS Addon
Office Name : Katz Inc
Building Type : Other
Area : Central San Jose
Address : 230 Josefa Street
LA1User Code : MLL5083295
LA1Agent First Name : Eric
LA1Agent Last Name : Katz
Status Category : Sold
Tot # Parking Spaces : 6
Tot # of Units : 6
Zoning : M1
List $/SqFt : $0
Age : 64
Apx Lot Sq Ft : 5,866 Sqft
Type of Building : Apt Complex
Annual Taxes : $23,688
Total Deposits : $0
ON-SITE PARKING DESC : Spaces - Assigned
OPERATING EXPENSES : Insurance, Maintenance/repair, Utilities, Vacancy Factor
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.2
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,800,000
Sold Price : $1,875,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 115572
Net Oper Income : 75668
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 3057
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 15.57
Buyer Agent DRE Num. : 01900078
List Agent DRE Num. : 01900078
Filtered Address : 230 Josefa ST
LA1Agent License ID : 01900078
LA1Old Agent ID : 385544
SA1Agent First Name : Eric
SA1Agent Last Name : Katz
SA1Agent License ID : 01900078
SA1User Code : MLL5083295
SA1Old Agent ID : 385544
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 259-47-065
Showing : Call Listing Agent
SO1Office Abbreviation : MLL5017028
SO1Office Name : Katz Inc
LO1Main Office ID : 88971
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 88971
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 1875000
Address Search Number : 230
Listing Agent : 335868
Listing Office : 88971
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 335868
Buying Office 1 : 88971
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 3
Input Date : 12/06/2021 01:25:32
Update Date : 02/11/2021 18:07:36
PhotoTimestamp : 02/11/2021 11:00:25
First Photo Add Timestamp :
List Date : 12/06/2021
Expire Date :
Pending Date : 13/08/2021
Closing Date : 01/11/2021
Status Date : 01/11/2021
Price Date :
Off Market Date : 13/08/2021
Status : Sold
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 63
Cumulative DOMLS : 63
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 576
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81848587
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 3,458 Sqft
$1,800,000
Agent info
Contact Agent