Skip To Content

51 S 19th St

San Jose, CA 95116
  • $10,050,000
  • STATUS: Active Under Contract
  • ON SITE: 278 Days
  • ID#: ML81863926
Under Contract
UPDATED: 61 min ago
$10,050,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 29,776
    SQFT
  • $338
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.

Monthly Payment Calculator



© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-06-29T19:54:45.953. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robert Balina | Synergize Realty.

Licensed in the State of California.
www.robertbalina.com/homes/121720986
Print Image

51 S 19th St San Jose, CA 95116

  • Price: $10,050,000
  • Status: Active Under Contract
  • On Site: 278 Days
  • Updated: 61 min ago
  • ID#: ML81863926
0
Beds
0
Baths
0
½ Baths
N/A
Acres
29,776
SQFT
$338
$/SQFT
1961
Built
Neighborhood:
Central San Jose
County:
Santa Clara
Area:
Central San Jose
Property Description
Excellent opportunity to purchase a high cashflow building with great unit mix. 8.75% cash on cash return on current rents. Over 10% cash on cash on market rents. (30) Spacious 2 Bedroom / 1 bathroom Townhouses - 993 SF. Private balconies. Individual hot water heaters. Strong in place rents with upside potential. Attractive Price/SF - only $337/sf. Solid rental location - close to freeways, Downtown San Jose, park & shopping. Terrific 1031 exchange opportunity - sellers are willing to wait for buyer to sell downleg property. Outstanding financing available - 7 year fixed at 3.25% with 3 years of interest only.
Exterior Features

Foundation Pillars / Posts / PiersPost And Beam Garage Parking Covered Parking Number Of Buildings 1 Pool YN No Roof Foam Units In Complex Min 30

Interior Features

Beds Unit1 2 Cooling None Heating Electric Laundry Coin Operated Sq Ft Unit1 993 Structure Sq Ft 29776

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Name San Jose Hoa Amenities Common Utility RoomCommunity Security Gate Hoa YN No Lot Size Area Maximum 21469.00 Meters Master WaterSeparate Electric Rent Unit1 1960 Restrictions None Security Features Controlled / Secured Access Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Individual Electric Meters Water Public Zoning Rm

© 2022 MLSListings Inc. All rights reserved. Listing provided courtesy of Justin Bautista of Newmark Cornish & Carey.


© 2022 MLSListings Inc. Based on information from MLSListings MLS as of 2022-06-29T19:54:45.953. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Robert Balina | Synergize Realty.

Licensed in the State of California.
 
https://bt-photos.global.ssl.fastly.net/siliconv/1280_boomver_1_81863926-2.jpg https://bt-photos.global.ssl.fastly.net/siliconv/1280_boomver_1_81863926-2.jpg https://bt-photos.global.ssl.fastly.net/siliconv/1280_boomver_1_81863926-2.jpg
Logo
Robert Balina | Synergize Realty
5201 Great America Parkway Suite No. 320
Santa Clara CA, 95054