San Jose, CA 95112,515 E William ST
San Jose, CA 95112,515 E William ST
San Jose, CA 95112,515 E William ST
$3,445,000
Est. payment /mo
$3,450,000
0.1%
Est.Price: ?

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9,600 Sqft Lot
SOLD DATE : 04/10/2023

Key Details

Sold Price $3,445,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81912637

Sold Date 04/10/23

HOA Y/N No

Year Built 1957

Annual Tax Amount $45,831

Lot Size 9,600 Sqft

Property Description

Located in the heart of Downtown San Jose, 515 E. William Street features a desirable unit mix of (4) 2+1s and (8) 1+1s all of which have upgrades including quartz or granite countertops and shaker-style cabinetry in kitchens and baths. The well maintained property features double pane windows throughout, (2) washers and (2) dryers, and a basement with ample owners storage and (2) washers and (2) dryers. The property is convenient to transit and daily retail amenities, is walking distance to San Jose State University, and benefits from proximity to world-renown employers. Existing debt is assumable at historically attractive rate and remaining term (3.05% fixed for another +/- 3.5 years). Strong in-place financial performance: GIM of 12.26 and Current CAP Rate of 5.61%. This is part of a three-property portfolio and may be acquired individually or in combination with 143 N. 8th and 751 S. 3rd Streets, providing a Buyer with an optimal capital deployment strategy.

Location

State CA

County Santa Clara

Area 699 - Not Defined

Zoning RM

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Carport Spaces 6

Roof Type Bitumen

Total Parking Spaces 7

Building

Water Public

Schools

School District San Jose Unified

Others

Tax ID 46749060

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joel Hopman • Newmark Cornish & Carey
Bought with John Adams • Presidential Real Estate

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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