515 E William ST

SAN JOSE, CA, 95112

$3,450,000

$452 per ft²
$3,450,000
$452 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
7,620 ft²
property_type
Commercial
calendar
Built 1957
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.
MLS® ID:
ML81912637
Updated:
1/29/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated
Floor Description
Carpet, Vinyl / Linoleum
Cooling
Window / Wall Unit
Heating
Wall Furnace

Exterior/Building Features

Lot Size
9,600 ft² lot
Roof
Bitumen
Sewer
Sewer - Public, Sump Pump

Other Property Details

Area Name
9
Garage
Yes
Parking
Assigned Spaces, Covered Parking
Parking Total
7.0
View
Y
County
Santa Clara
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
RM

Property History

Date
Event
Price
Value
12/30/22
Under Contract
-
-

Courtesy of Newmark Cornish & Carey, Joel Hopman,
Listing Contact: 415-722-2200 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor DeTar Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than DeTar Group are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2023 MLS Listing, Inc. All rights reserved.

Data last updated 2:53 AM UTC, 1/29/23

 

Contact