CA > San Jose
San Jose, CA 95112,601 S 5th ST
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San Jose, CA 95112,601 S 5th ST
San Jose, CA 95112,601 S 5th ST
San Jose, CA 95112,601 S 5th ST
San Jose, CA 95112,601 S 5th ST
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David Lucas

David Lucas

+1(650) 399-0121
Listed by Ray Rodriguez • Compass
$ 1,695,000
Est. payment /mo
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Open Tue 2PM-3:30PM

601 S 5th ST San Jose, CA 95112

2 Beds

4 Baths

3,560 SqFt

Open House

Tue Oct 28, 2:00pm - 3:30pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,560 sqft

Price per Sqft $476

MLS Listing ID ML82025799

Bedrooms 2

Full Baths 4

Year Built 1910

Lot Size 8,142 Sqft

Property Sub-Type Five or More Units

Property Description

601 S 5th Street is now available - a rare multifamily asset offering steady income and growth potential in San Jose's thriving urban core. This impressive two-story income property sits just two blocks from SJSU, placing tenants in an unbeatable location surrounded by education, culture, dining, transit, and tech employment hubs. Discover eight efficiently designed units: (1) 1 Bed / 2 Ba, (1) 1 Bed / 1 Ba, and (6) Studios, each with dedicated parking and access to a shared coin-op laundry room. With ~3,560 sq. ft. of rentable space on a 0.19-acre lot, the property's four-units-per-floor layout maximizes occupancy, privacy, and operational efficiency. Investors will also appreciate the potential for additional income through ADU, storage units, or unit modernization to elevate returns. The fundamentals align: an excellent location, consistent tenant demand, and measurable upside. Current metrics indicate strong rental performance with a projected Cap Rate of 8.13 and GRM 8.78. Walking distance from Downtown San Jose with easy connectivity to major highways (280, 87, 101) and global employers like Cisco, PayPal, Adobe, and Apple. 601 S 5th Street delivers what serious investors seek, reliable cash flow, low vacancy, and growth potential in a prime Silicon Valley corridor.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning R4

Rooms

Other Rooms Laundry Room

Interior

Heating Wall Furnace , Other

Cooling Other

Flooring Carpet, Tile, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Uncovered Parking

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Shingle

Building

Foundation Brick / Mortar Perimeter

Sewer Sewer - Private

Water Private / Mutual

Others

Restrictions Other

Tax ID 472-27-039

Security Features Other

Special Listing Condition Not Applicable

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David Lucas

David Lucas

Agent | License ID: 02114304

+1(650) 399-0121

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601 S 5th ST