Active

200 S 1st ST

SAN JOSE CA, 95113

$12,000,000


$263.10 per sqft

Active

45,610 sqft

Multi-family

Built in 1917

Listed by Newmark Cornish & Carey, Joel Hopman, Steve Zirelli Listing Contact: 4157222200

Newmark, as an exclusive advisor is proud to present the Twohy Lofts in vibrant Downtown San Jose. The 5-story building consists of 36 Loft Style units and ground floor retail which has recently undergone significant renovations to seismic, mechanical and electrical systems providing old world charm coupled with a modern infrastructure. An investor can acquire this historic, but like-new building at a significant discount to replacement cost. The high-identity classic revival architecture building sits prominently on the Paseo de San Antonio and S. 1st Street. The ground floor features approximately 8,350 sq ft of retail space currently occupied by Scotts Seafood and San Jose Candy Kitchen. Ornate details true to period of its original 1917 construction can be found throughout the building. While the assets financial performance is stable, NOI optimization can be enhanced through a combination of embedded rent increases coupled with unit modernization upon turnover. The property is not subject to San Joses Apartment Rent Ordinance and is on the Mills Act which provides substantial property tax abatement. San Jose State University, with a growing 36,000+ student body and another 3,700 in employees is a mere four blocks away. WalkScore of 96!

ML81966157

MLS ID

May 17, 2024

Listed

July 13, 2024

Updated

Map

200 S 1st ST
SAN JOSE CA, 95113

Interior Features

Interior Features

Elevator


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.2 Acres


Sewer

Public Sewer

School Information

School District

482

Other Property Details

Area Name

Central San Jose


Garage

No


View

No


County

Santa Clara


Water Source

Public


Pool

No


Zoning

DC

Listed by Newmark Cornish & Carey, Joel Hopman, Steve Zirelli
Listing Contact: 4157222200 

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 Strock Real Estate | CA DRE# 01337838 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 Strock Real Estate | CA DRE# 01337838 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.

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Data last updated 12:27 PM UTC, 7/13/2024

 

 

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