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$ 5,467,000
$ 10,600,000 48.4%
Est. payment | /mo
0.87 Acres Lot
$ 5,467,000
$ 10,600,000 48.4%
Est. payment | /mo
0.87 Acres Lot
Key Details
Sold Price $5,467,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML82015189
Year Built 1948
Annual Tax Amount $147,227
Lot Size 0.868 Acres
Property Description
First Street Manor is an exceptional 39-unit apartment community located at 523-530 N First St in the thriving city of San Jose, California. Situated on 0.87 acre parcel of land, the subject property was originally constructed in 1948 and has a gross building area of approximately 18,320 total square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. Residents at First Street Manor enjoy multiple convenient community amenities including an on-site laundry facility, private covered parking, secured gated perimeter and a secluded community courtyard area. The subject property has also recently undergone extensive capital improvements such as a new roof installed in 2024, complete interior renovations for all units, and dual-pane windows throughout. First Street Manor sits near Downtown San Jose and is within walking distance to the Target anchored San Jose Market Center, both being home to a myriad of dining, shopping, and entertainment options.The subject property also boasts convenient access to the San Jose Mineta International Airport (SJC). SJC is one of the busiest airports in all of Northern California serving millions of passengers every year to both domestic and international destinations.
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Exterior
Roof Type Shingle
Building
Water Public
Schools
School District San Jose Unified
Others
Special Listing Condition Standard
Listed by Cole Simpson Marcus & Millichap #02016525
Bought with Cole Simpson Marcus & Millichap
Bought with Cole Simpson Marcus & Millichap
NEARBY SCHOOL & BUSINESS